Brent bias flipped 37 times to neutral on September 3, 2026
Escalating U.S.-Iran strikes have disrupted shipping through the Strait of Hormuz, slumping tanker activity and Saudi oil exports, while diesel prices near record highs. Brent crude has jumped for a fourth straight day, trading above $95 and approaching $100, as markets price in heightened geopolitical risk in the Middle East. Disruptions to key tanker routes are raising supply concerns, pushing oil to its highest since April's war peak.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 37 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
- 00:40Weak bullish
- 01:05Weak bearish
- 01:55Bullish
- 02:15Weak bearish
- 02:30Neutral
- 02:45Bullish
- 03:56Bearish
- 04:41Neutral
- 05:31Bearish
- 05:46Neutral
- 08:04Bullish
- 09:09Weak bullish
- 09:44Neutral
- 10:10Bullish
- 10:25Bearish
- 10:40Bullish
- 10:55Neutral
- 11:10Weak bearish
- 11:25Neutral
- 12:10Bearish
- 12:25Bullish
- 12:55Neutral
- 13:10Weak bullish
- 13:46Bullish
- 14:21Neutral
- 14:36Weak bullish
- 15:01Neutral
- 15:16Bullish
- 15:31Neutral
- 16:56Bullish
- 17:29Neutral
- 18:29Weak bullish
- 18:44Neutral
- 18:59Bullish
- 19:14Bearish
- 19:59Bullish
- 20:14Neutral
Headlines (13)
First seen on September 3
- Oil slips after three-session rally as Trump downplays Iran war, Hormuz flows riseHellenic Shipping News
- Oil Jumps for Fourth Straight Day and Diesel Nears Record HighThe New York Times
- Oil prices rise on escalation in Middle Eastoilandgas360.com
Carried over from earlier days
- Global oil prices extend move over $90 after report of two tankers struck in HormuzMarketWatch
- 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
- 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
- Hormuz Traffic Craters to Four Ships as Iran-U.S. Strikes EscalateOilPrice.com
- Saudi Oil Exports Dive as Tankers at Risk From Hormuz to Red Seagcaptain.com
- U.S. Diesel Prices Close In on April War PeakOilPrice.com
- Oil Holds Above $90 as Fighting Flaresrigzone.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, September 3 | ||
| RatingDog Services PMI | 50.6 | CNY |
| Trade Balance | 3.2B | CAD |
| Labor Productivity q/q | 0.7% | CAD |
| Friday, September 4 | ||
| Employment Change | 15.1K | CAD |
| Unemployment Rate | 6.4% | CAD |
| Ivey PMI | 56.2 | CAD |
| Monday, September 7 | ||
| Bank Holiday | CAD | |
| Tuesday, September 8 | ||
| Trade Balance | CNY | |