Brent bias flipped 2 times to weak bullish on August 22, 2026
Brent crude is climbing toward $94, backed by escalating Middle East tensions and a second consecutive weekly rise, as U.S.-Iran talks stall and shipping traffic falls in the Strait of Hormuz. Washington is preparing new Iran economic measures, while Tehran has threatened to hit other oil export routes if Gulf states support sanctions. The market's focus remains on the restricted Hormuz chokepoint, with the IEA chief comparing the situation to a 'broken vase.'
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed 2 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
- 00:00Neutral
- 21:13Bullish
- 23:50Weak bullish
Headlines (13)
First seen on August 22
Carried over from earlier days
- Futures Slide As Treasury Yields Surge, Erasing Bessent Intervention, Driven By Oil SpikeZeroHedge
- Brent Breaks $94, Global Yields Push Higher — but Dollar Refuses to FollowActionForex
- US Will Impose ‘Toughest Sanctions in History’ on Iran, Bessent Saysgcaptain.com
- TSX edges lower as oil prices creep higher, U.S. stocks also negativeboereport.com
- Middle East live: Hormuz shipping traffic falls as Iran-US talks stallfrance24.com
- Transit through Strait of Hormuz falls to low amid risks to vessels — ReutersTASS
- IEA chief compares situation surrounding Strait of Hormuz to broken vaseTASS
- Oil prices on track for second straight weekly rise amid Mideast tensionsHellenic Shipping News
- Oil prices rise toward $94 as U.S. prepares new Iran economic measuresworldoil.com
- India Builds Clean Power Faster Than It Can Use ItOilPrice.com
- Oil Bulls Take Control as Iran Deal Collapses and Hormuz Stays RestrictedOilPrice.com
- Oil Nears $100 as Trump’s ‘Economic D-Day’ Raises the StakesOilPrice.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 24 | ||
| Corporate Profits q/q | CAD | |
| Wednesday, August 26 | ||
| Crude Oil Inventories | USD | |
| Thursday, August 27 | ||
| Current Account | 5.6B | CAD |
| CB Leading Index m/m | CNY | |
| Friday, August 28 | ||
| GDP m/m | 0.2% | CAD |
| Monday, August 31 | ||
| Non-Manufacturing PMI | CNY | |
| Manufacturing PMI | CNY | |
| Tuesday, September 1 | ||
| RatingDog Manufacturing PMI | CNY | |