Brent bias flipped 13 times to neutral on August 28, 2026
Brent crude is being driven by heightened geopolitical tensions in the Strait of Hormuz, where a tanker was hit and the US maintains a blockade. Hopes for a revived Iran deal have faded, with President Trump ruling out previous ceasefire terms, which helped oil snap a losing streak and settle at $83.53. Supply concerns from the ongoing conflict are keeping prices elevated.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 13 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
- 16:48Bullish
- 17:06Neutral
- 17:26Weak bullish
- 17:44Neutral
- 18:01Weak bearish
- 18:17Bullish
- 18:33Bearish
- 18:49Weak bearish
- 19:08Weak bullish
- 19:40Bullish
- 20:44Weak bearish
- 21:00Weak bullish
- 21:16Neutral
Headlines (16)
First seen on August 28
- Trump says Iran is 'in deep trouble' as US maintains blockade of Strait of Hormuzjpost.com
- After 6 months of war, Iran's battered regime remains entrenchednpr.org
Carried over from earlier days
- Middle East live: Iran says Hormuz strait still closed despite transit corridor talks with Omanfrance24.com
- Oil Is Being Sold Off on the Back of Sanctions NewsActionForex
- U.S. Crude Stocks Barely Budge as Gasoline Inventories FallOilPrice.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
- Oil catch up: Russia-Ukraine war keeps a floor under oil despite Hormuz optimismInvestingLive
- How a 95 percent drop in Hormuz traffic changed global shippingAl Jazeera
- Tanker Hit in Strait of Hormuz as Trump Declares ‘Mission Accomplished’ in Irangcaptain.com
- Crude oil oil futures settles at $83.53InvestingLive
- Hormuz Oil Flows Rising as Gulf Giants’ Ramp Up Acceleratesgcaptain.com
- Oil catch up post: Snaps losing streak as Trump rules out reviving Iran ceasefire termsInvestingLive
- Iran sets conditions for reopening Strait of Hormuz, top security official Rezaei saysInvesting.com
- Oil Rises as Iran Deal Hopes Faderigzone.com
- Mideast War: Crude, Products and Gas Price Impacts, Aug. 27, 2026energyintel.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Friday, August 28 | ||
| GDP m/m | 0.2% | CAD |
| Monday, August 31 | ||
| Non-Manufacturing PMI | 49.5 | CNY |
| Manufacturing PMI | 49.5 | CNY |
| Tuesday, September 1 | ||
| RatingDog Manufacturing PMI | 51.5 | CNY |
| Manufacturing PMI | CAD | |
| Wednesday, September 2 | ||
| BOC Rate Statement | CAD | |
| Overnight Rate | 2.25% | CAD |
| BOC Press Conference | CAD | |