Brent bias flipped 19 times to neutral on August 26, 2026
Brent crude fell below $87 a barrel as tankers resumed moving more Gulf crude and Middle East diplomacy raised hopes of easing tensions. However, Iran insists the Strait of Hormuz remains closed and regional conflicts persist, keeping supply risks in focus. Prices are reacting to a mix of improved supply flows and unresolved geopolitical threats.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 19 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
- 01:34Weak bullish
- 01:59Bearish
- 04:32Neutral
- 05:56Bearish
- 06:12Neutral
- 06:44Weak bearish
- 07:05Neutral
- 08:42Bearish
- 09:15Neutral
- 10:11Bearish
- 10:43Neutral
- 12:27Bearish
- 12:59Bullish
- 13:16Neutral
- 14:58Bullish
- 15:39Weak bullish
- 15:55Neutral
- 17:09Bearish
- 17:25Neutral
Headlines (16)
First seen on August 26
- Iran war live: Iran says Hormuz remains closed despite Oman route dealAl Jazeera
- Middle East live: Iran says Hormuz strait still closed despite transit corridor talks with Omanfrance24.com
- Almost half of global oil flows from war zonesHellenic Shipping News
- Oil Dumps As Iran, Oman Push To Reopen Hormuz; Satellite Image Shows Gulf Producers Ramping UpZeroHedge
- U.S. Crude Stocks Barely Budge as Gasoline Inventories FallOilPrice.com
- Oil prices slide amid hopes for progress in Mideast diplomacyoilandgas360.com
- Why Hormuz remains high risk for ships despite US claims of mine-clearingAl Jazeera
- Oil Drops as Tankers Begin Moving More Gulf CrudeOilPrice.com
Carried over from earlier days
- U.S. Treasury to broaden scope of secondary sanctions on Iran, source saysInvesting.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
- Iranians queue for petrol as US blockade bitesFinancial Times
- Houthi strikes threaten to pull Yemen back into full-scale wardw.com
- Six months into Iran war, almost half of global oil flows from war zonesoilandgas360.com
- Brent crude oil falls below $87 per barrel on ICE exchange for first time since August 14TASS
- U.S. Refiners Face New Crude Squeeze as Canada Cuts Oil Sands OutputOilPrice.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, August 26 | ||
| Crude Oil Inventories | 1.6M | USD |
| Thursday, August 27 | ||
| Current Account | 3.5B | 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 | |
| Manufacturing PMI | CAD | |