Brent bias flipped 4 times to weak bullish on September 5, 2026
Brent crude is being driven higher by renewed US-Iran hostilities, including strikes on Iranian oil tankers, which have escalated fears of supply disruptions. These tensions are prompting a rewrite of global oil trade routes and bringing other producers like Venezuela back into focus. As a result, oil prices have climbed, with WTI trading above $91 amid a return of the war premium.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed 4 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
- 03:20Bullish
- 14:56Neutral
- 19:57Bullish
- 23:03Weak bullish
Headlines (14)
First seen on September 5
- Why is Trump threatening to strike Iran’s Pickaxe Mountain again, now?Al Jazeera
- US military hits 3 Iranian oil tankers after saying Navy warships were targeted with missilesABC News
- US says it hit Iran oil tankers helping finance ‘regional proxies’Al Jazeera
- U.S. strikes three Iranian oil tankers in renewal of hostilitiesnpr.org
- Iran War Forces a Rewrite of Global Oil Trade RoutesOilPrice.com
Carried over from earlier days
- Oil Jumps for Fourth Straight Day and Diesel Nears Record HighThe New York Times
- Oil prices rise on escalation in Middle Eastoilandgas360.com
- Vance: We're not talking to Iran unless they stop shooting at shipsInvestingLive
- The Commodities Feed: Oil maintains gains amid Persian Gulf escalationING Think
- Brent Nears $96 as Iran Conflict Keeps Oil Market on EdgeOilPrice.com
- ‘Astronomical’ fuel price surge hits farmers in UK and USThe Guardian
- New fears of oil supply disruption as US-Iran hostilities resumefrance24.com
- WTI Back Above $91 as War Premium ReturnsOilPrice.com
- The Iran War Has Put Venezuela’s Oil Back in the SpotlightOilPrice.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, September 7 | ||
| Bank Holiday | CAD | |
| Tuesday, September 8 | ||
| Trade Balance | 795B | CNY |
| USD-Denominated Trade Balance | 120.1B | CNY |
| Annual Budget Release | CAD | |
| Wednesday, September 9 | ||
| CPI y/y | 0.9% | CNY |
| PPI y/y | 3.6% | CNY |
| Trade Balance | CNY | |
| USD-Denominated Trade Balance | CNY | |