Brent bias flipped 43 times to neutral on September 2, 2026
Escalating military strikes between Iran and the US have severely disrupted shipping through the Strait of Hormuz, with traffic falling to just four ships and tanker attacks rattling markets. This supply risk has driven Brent crude above $95 a barrel, with some observers targeting $100, even as diplomatic efforts to reopen the strait continue. The situation highlights the market's vulnerability to disruptions at this critical chokepoint.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 43 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
- 00:00Bullish
- 00:32Neutral
- 00:48Bearish
- 01:03Bullish
- 01:33Neutral
- 02:03Bullish
- 02:18Bearish
- 02:43Neutral
- 02:58Bullish
- 03:38Neutral
- 03:54Weak bullish
- 04:54Bullish
- 06:34Neutral
- 06:49Bullish
- 07:49Weak bullish
- 08:19Bullish
- 08:49Weak bearish
- 09:04Bullish
- 10:50Neutral
- 11:20Bullish
- 11:55Neutral
- 12:10Bullish
- 12:56Bearish
- 13:11Bullish
- 13:56Weak bearish
- 14:11Bullish
- 14:51Weak bullish
- 15:06Bullish
- 15:21Neutral
- 15:37Bullish
- 15:52Weak bearish
- 16:07Weak bullish
- 16:27Bullish
- 16:57Bearish
- 17:12Neutral
- 17:42Bullish
- 17:57Neutral
- 18:12Bullish
- 19:08Neutral
- 20:58Bullish
- 21:13Neutral
- 21:59Bullish
- 23:04Weak bullish
- 23:19Neutral
Headlines (16)
First seen on September 2
- Iran Escalation Pushes Brent Toward $102 as Gold Cracks $4,300ActionForex
- KOSPI Sinks 3% as Iran Strikes Push Oil to 5-Week HighBeInCrypto
- Market Quick Take - Oil tops USD 95 and global bond yields reach multi-decade highs - 02 September 2026home.saxo
- Brent Is Heading Towards $100 a BarrelActionForex
- Hormuz Shipping Slumps as U.S.-Iran Strikes Rattle Oil MarketsOilPrice.com
- IRGC claims that another two oil tankers have been disabled after hitting mines in the Strait of HormuzInvestingLive
- Hormuz Traffic Craters to Four Ships as Iran-U.S. Strikes EscalateOilPrice.com
- U.S. Diesel Prices Close In on April War PeakOilPrice.com
Carried over from earlier days
- WTI remains above $83.50 as Iran fires missiles following US strikesFXStreet
- Price of futures contracts of Brent oil up 2.9% amid Middle East escalationTASS
- Oil Price Surges Above $90 as US-Iran Conflict Returns, but Markets Resist Full Risk-Off MoveActionForex
- Iran war live: Trump vows to strike Iran ‘hard’ after first clash in monthAl Jazeera
- Global oil prices extend move over $90 after report of two tankers struck in HormuzMarketWatch
- Two Tankers Carrying Saudi Oil Attacked in Strait of Hormuzgcaptain.com
- Hormuz Attacks Test Shuttle Trade’s Breaking Pointenergyintel.com
- Qatar says efforts under way to end Iran-US war and reopen Strait of HormuzAl Jazeera
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, September 2 | ||
| BOC Rate Statement | CAD | |
| Overnight Rate | 2.25% | CAD |
| Crude Oil Inventories | -0.4M | USD |
| BOC Press Conference | CAD | |
| Thursday, September 3 | ||
| RatingDog Services PMI | 50.6 | CNY |
| Labor Productivity q/q | 0.7% | CAD |
| Trade Balance | 3.2B | CAD |
| Friday, September 4 | ||
| Employment Change | 15.1K | CAD |