Brent bias flipped 95 times to neutral on August 12, 2026
Geopolitical tensions in the Middle East have escalated, with Strait of Hormuz traffic hitting a new low and the IEA projecting a global oil deficit this quarter due to disruptions. Red Sea attacks and U.S.-Iran hostilities are adding to supply risks, while the IEA warns that these disruptions are draining inventories. These developments are tightening the oil market, which is a key factor for Brent crude pricing.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 95 times during the day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Bullish
- 00:30Weak bullish
- 00:34Bullish
- 01:37Weak bearish
- 01:45Bullish
- 02:09Neutral
- 02:37Weak bearish
- 02:41Bullish
- 03:18Neutral
- 03:34Bullish
- 04:14Weak bearish
- 04:51Neutral
- 05:15Bullish
- 05:19Bearish
- 05:23Bullish
- 05:39Weak bullish
- 05:47Bullish
- 06:19Bearish
- 06:27Neutral
- 06:51Bullish
- 07:59Neutral
- 08:11Bearish
- 08:15Neutral
- 08:55Bullish
- 09:15Bearish
- 09:27Bullish
- 09:43Neutral
- 10:04Bullish
- 10:08Neutral
- 10:32Bearish
- 10:36Neutral
- 10:44Bullish
- 10:48Weak bullish
- 11:12Bullish
- 11:20Neutral
- 11:28Bullish
- 11:40Neutral
- 11:44Bullish
- 12:24Bearish
- 12:32Neutral
- 12:38Bearish
- 12:42Neutral
- 12:46Bullish
- 12:50Bearish
- 13:02Weak bearish
- 13:06Weak bullish
- 13:10Neutral
- 13:18Bearish
- 13:22Weak bearish
- 13:26Bullish
- 13:34Weak bearish
- 13:38Bullish
- 13:42Neutral
- 13:54Bullish
- 13:58Neutral
- 14:06Bullish
- 14:10Neutral
- 14:22Weak bearish
- 14:26Neutral
- 14:30Weak bullish
- 14:34Bearish
- 14:38Weak bullish
- 14:42Neutral
- 15:07Weak bullish
- 15:15Neutral
- 15:19Weak bearish
- 15:24Bearish
- 15:28Neutral
- 15:32Bearish
- 15:36Neutral
- 15:40Bearish
- 15:44Neutral
- 15:58Bullish
- 16:02Weak bearish
- 16:07Neutral
- 16:11Weak bullish
- 16:15Neutral
- 16:20Weak bullish
- 16:40Bearish
- 16:44Bullish
- 16:48Bearish
- 17:07Weak bullish
- 17:11Neutral
- 17:56Bullish
- 18:50Bearish
- 18:58Weak bullish
- 19:05Weak bearish
- 19:18Bullish
- 19:38Neutral
- 19:54Weak bullish
- 20:38Bullish
- 20:42Neutral
- 20:46Bearish
- 20:58Neutral
- 21:02Weak bullish
- 21:30Neutral
Headlines (17)
First seen on August 12
- Iran war live: US fires missiles at cargo ship violating Iran blockadeAl Jazeera
- Cargo ship in flames after Houthi attack in Bab al-Mandeb straitAl Jazeera
- Iran holds firm on Hormuz conditions as Pakistan’s Naqvi visits TehranAl Jazeera
- Oil prices rise as Red Sea, Gulf of Oman attacks heighten supply concernsCNBC
- Strait of Hormuz traffic falls to new low as Iran-backed group kills 6 in Red Seacbsnews.com
- War Is Squeezing Another Global Chokepoint: The Black SeaThe Wall Street Journal
- Iran remains defiant as it vows to fight US until demands metAl Jazeera
- IEA: Global Oil Deficit To Hit 1.8 Million Bpd This QuarterOilPrice.com
- Strait of Hormuz ship traffic near three-month low as U.S.-Iran deal in doubtCNBC
- IEA Warns Oil Market Risks Mount as Hormuz Disruptions Drain Inventoriesgcaptain.com
- Due to the Iran war, Iraq is running out of moneydw.com
Carried over from earlier days
- U.S. reaffirms grip on Hormuz blockade, turning away 55 ships as talks stallCNBC
- Middle East live: Houthis launch deadly strike on port city of Mocha in Yemenfrance24.com
- U.S. Stocks Fall as Hopes for Strait of Hormuz Reopening Are Dashed AgainThe Wall Street Journal
- Iran installs new war chiefs as Tehran signals ‘prolonged confrontation,’ expert warnsfoxnews.com
- Hormuz Deadlock: Where oil prices could head next as prospects for an imminent deal fadeCNBC
- U.S. Futures Mostly Lower, Oil Price Rises on Middle East TensionThe Wall Street Journal
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 12 | ||
| Building Permits m/m | 0.8% | CAD |
| Crude Oil Inventories | -1.7M | USD |
| Thursday, August 13 | ||
| Foreign Direct Investment ytd/y | CNY | |
| New Loans | -50B | CNY |
| M2 Money Supply y/y | 7.9% | CNY |
| Friday, August 14 | ||
| Wholesale Sales m/m | 2.7% | CAD |
| Manufacturing Sales m/m | -0.1% | CAD |
| Monday, August 17 | ||
| New Home Prices m/m | CNY | |