Brent bias flipped 57 times to bullish on August 31, 2026
Brent crude has surged above $90 per barrel, driven by renewed US-Iran military escalation, including US strikes on Iran and Iranian missile launches, which have heightened concerns about potential disruptions to oil shipments through the Strait of Hormuz. Futures prices jumped 2.9% as traders weighed the risk of supply interruptions, though the market has so far resisted a full risk-off move despite the geopolitical tensions.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 57 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
- 00:04Bullish
- 00:36Neutral
- 01:08Bullish
- 01:24Weak bearish
- 01:40Weak bullish
- 01:56Weak bearish
- 02:12Bullish
- 02:29Neutral
- 03:22Bullish
- 03:56Neutral
- 04:32Bullish
- 04:48Neutral
- 05:21Bullish
- 05:37Neutral
- 06:02Bullish
- 06:18Weak bearish
- 06:34Neutral
- 06:50Bullish
- 07:06Neutral
- 07:41Bullish
- 08:14Weak bullish
- 09:03Neutral
- 09:37Bullish
- 10:09Neutral
- 10:42Bullish
- 11:14Neutral
- 11:30Bullish
- 11:47Neutral
- 12:03Bullish
- 12:20Neutral
- 12:52Weak bullish
- 13:09Weak bearish
- 13:25Neutral
- 13:41Bullish
- 13:57Neutral
- 14:13Weak bearish
- 14:30Bullish
- 14:47Neutral
- 15:03Weak bearish
- 15:19Neutral
- 15:35Bullish
- 16:07Neutral
- 16:47Weak bearish
- 17:04Weak bullish
- 17:20Bullish
- 17:36Neutral
- 17:52Bullish
- 18:08Neutral
- 18:44Weak bullish
- 19:00Bearish
- 19:32Weak bullish
- 19:56Bullish
- 20:11Weak bearish
- 20:27Bullish
- 20:43Neutral
- 23:44Weak bullish
- 23:59Bullish
Headlines (18)
First seen on August 31
- US Strikes Iran, Brent Cracks $90 as Hormuz Risk Explodes AgainBitcoin.com News
- The Commodities Feed: Oil rallies on fresh Persian Gulf strikesING Think
- Oil Prices Surge as U.S. and Iran Exchange StrikesOilPrice.com
- WTI remains above $83.50 as Iran fires missiles following US strikesFXStreet
- IRGC claims that a supertanker has caught fire after being struck by naval mines in Strait of HormuzInvestingLive
- Price of futures contracts of Brent oil up 2.9% amid Middle East escalationTASS
- U.S. and Iran trade strikes for the first time in a monthcbsnews.com
- Oil Price Surges Above $90 as US-Iran Conflict Returns, but Markets Resist Full Risk-Off MoveActionForex
- Trump promises more strikes after US and Iran trade blows for first time in a monthpolitico.com
- Trump threatens to ‘hit Iran hard’ as strikes resume after month-long lullfrance24.com
Carried over from earlier days
- Mapping the Iran war’s strikes on Gulf energy – and what comes next for oilAl Jazeera
- US struck two Iranian launchers spotted preparing to fire at Strait of Hormuz, source tells 'Post'jpost.com
- US strikes Iran’s Lark Island in first attack in weeksAl Jazeera
- US launches first strike on Iran in weeks as it hits rocket launchersFinancial Times
- What the Hormuz crisis has cost fossil fuel importers — March to August 2026Hellenic Shipping News
- Oil - Escalation news: Iran fires missiles from four provinces after Larak Island strikeInvestingLive
- Oil prices have jumped higher after US attacked Iran and Iran retailiatedInvestingLive
- Middle East Live: US strikes Iran for first time in a monthfrance24.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 31 | ||
| Non-Manufacturing PMI | 49.5 | CNY |
| Manufacturing PMI | 49.5 | CNY |
| Tuesday, September 1 | ||
| RatingDog Manufacturing PMI | 51.0 | CNY |
| Manufacturing PMI | CAD | |
| Wednesday, September 2 | ||
| BOC Rate Statement | CAD | |
| Overnight Rate | 2.25% | CAD |
| Crude Oil Inventories | USD | |
| BOC Press Conference | CAD | |