Brent bias flipped 18 times to neutral on August 17, 2026
Escalating tensions in the Strait of Hormuz have disrupted tanker traffic, with zero tankers crossing on Sunday and Iran vowing to keep the waterway shut. This has driven shipping costs to record highs and pushed Brent crude to $89, as the market responds to supply disruption risks from the key oil transit chokepoint.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 18 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
- 00:00Weak bullish
- 00:17Neutral
- 00:37Weak bearish
- 01:50Neutral
- 02:07Weak bearish
- 03:02Neutral
- 07:05Weak bullish
- 10:31Weak bearish
- 16:21Neutral
- 16:39Weak bullish
- 16:55Bullish
- 17:28Neutral
- 18:00Weak bullish
- 18:16Weak bearish
- 19:08Neutral
- 19:49Weak bullish
- 20:05Bullish
- 20:24Weak bullish
- 20:58Neutral
Headlines (18)
First seen on August 17
- Shipping slows through Strait of Hormuz after tanker attacks, data showsInvesting.com
- Iran war live: Tehran-US MoU set to expire; Hamas’s al-Khayya meets KushnerAl Jazeera
- How Ronald Reagan Used Diplomacy to End the Cold Warforeignpolicy.com
- Hormuz Tanker Traffic Slows to a TrickleOilPrice.com
- Iran saw MoU as attempt by Israel, US to buy time for larger attack, so it did the same - reportjpost.com
- The Commodities Feed: Oil near $90 on escalating Middle East risksING Think
- Strait of Hormuz shipping grinds to a halt ahead of U.S.-Iran ceasefire expiryCNBC
- Maritime shipping costs have surged to record highs due to conflicts, climate factors — FTTASS
- Zero Tankers Crossed Hormuz on Sunday. Oil Hit $89. Gold Barely Moved.GoldSilver
- Trump demands Iran ‘put up the white flag of surrender’ as MoU expiresAl Jazeera
- US gas prices reach highest ever recorded for August amid stalled talks with IranThe Guardian
Carried over from earlier days
- Middle East live: Trump threatens US takeover of Hormuz as Iran vows to retain controlfrance24.com
- Hormuz Ship Attacks Mount As US Vows To Cripple Iran Economygcaptain.com
- Trump threatens to make the Strait of Hormuz a US territory: Can he?Al Jazeera
- Oil Majors Reap $93 Billion Windfall From the Iran WarOilPrice.com
- "US Can't Bomb Its Way To Victory": Scotiabank Maps Bessent's Coming Economic Hammer On IranZeroHedge
- Oil- weekend recap & what's ahead: Iran vows to keep Hormuz shut, Trump tells Americans to accept high gas pricesInvestingLive
- US-Iran MoU is set to expire: What to knowAl Jazeera
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 17 | ||
| Foreign Direct Investment ytd/y | CNY | |
| New Home Prices m/m | CNY | |
| Industrial Production y/y | 5.0% | CNY |
| Fixed Asset Investment ytd/y | -6.2% | CNY |
| Retail Sales y/y | 1.5% | CNY |
| NBS Press Conference | CNY | |
| Unemployment Rate | 5.1% | CNY |
| Common CPI y/y | 2.5% | CAD |