Brent bias flipped 39 times to neutral on August 24, 2026
Brent crude slipped over $2 as traders shrugged off fresh US sanctions on Iran, even as the standoff over the Strait of Hormuz escalates with Iran blacklisting tankers and fewer vessels transiting the waterway. The US Treasury is set to broaden secondary sanctions on Iran, while Morgan Stanley lifted its Brent forecast to $100 on a tightening market. These developments underscore persistent supply risk despite the day's price decline.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 39 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
- 00:28Bearish
- 00:44Weak bearish
- 01:41Neutral
- 02:13Bullish
- 02:29Neutral
- 03:53Bullish
- 04:13Neutral
- 04:53Bullish
- 05:25Weak bearish
- 06:58Neutral
- 07:19Bullish
- 08:11Neutral
- 08:43Weak bullish
- 09:49Weak bearish
- 10:07Bullish
- 10:23Weak bullish
- 10:41Neutral
- 10:57Bullish
- 11:41Neutral
- 11:57Bullish
- 12:29Neutral
- 12:45Bullish
- 13:41Weak bullish
- 13:58Bullish
- 14:14Neutral
- 15:31Bullish
- 17:19Weak bearish
- 17:36Bullish
- 17:52Weak bullish
- 18:33Neutral
- 18:49Bullish
- 19:05Weak bullish
- 19:21Weak bearish
- 19:37Bearish
- 19:53Neutral
- 20:09Weak bullish
- 20:25Neutral
- 20:59Bullish
- 21:15Neutral
Headlines (17)
First seen on August 24
- Iran war live: Iranian parliament advances plans for Hormuz service feesAl Jazeera
- US will strike Iran if Tehran responds to sanctions with military escalation — secretaryTASS
- Fewer than 20 vessels pass through Strait of Hormuz over weekend — ReutersTASS
- Iran's Strait of Hormuz strategy exposes the limits of destruction - opinionjpost.com
- UKMTO says tanker struck by unknown projectile off Saudi Arabia’s Yanbuboereport.com
- U.S. Treasury to broaden scope of secondary sanctions on Iran, source saysInvesting.com
- Iran Blacklists 45 Tankers as Hormuz Standoff EscalatesOilPrice.com
- Global food supply has become ‘collateral damage’ in conflicts: Secretary-GeneralUN News
- ICYMI - Morgan Stanley lifts Brent forecast to $100 as oil market tightensInvestingLive
- Oil slips over $2 as traders shrug off fresh US sanctions on IranInvestingLive
Carried over from earlier days
- Iran to attack other oil export routes if Gulf countries support US sanctions — officialTASS
- Iran’s new security chief says neighbours who join US economic war will be considered ‘enemies’The Guardian
- Hormuz crisis hides a deeper oil threat that could outlast the warfoxnews.com
- Can Iran retaliate against countries that join US ‘economic war’?Al Jazeera
- Oil prices post weekly surge on Hormuz impasse, Brent now up 12% over two weeksHellenic Shipping News
- Oil majors pile in on Americas projects to plug production gapHellenic Shipping News
- Oil eases on Globex after weekend Iran escalation and sanctions threatsInvestingLive
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 | |