Brent bias flipped 16 times to neutral on September 7, 2026
Brent crude prices are climbing as US-Iran tensions escalate, with missile strikes and warnings of more attacks keeping risks to supplies through the Strait of Hormuz elevated. Reports of a Saudi Aramco refinery being hit and shipping disruptions have intensified supply concerns, while a rebound in Chinese crude buying also supports demand outlook. These geopolitical and demand factors are currently the main drivers of price movement.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 16 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
- 00:00Weak bearish
- 01:16Bullish
- 05:41Neutral
- 05:56Bullish
- 06:11Weak bearish
- 06:26Neutral
- 06:41Bullish
- 07:26Neutral
- 07:41Bullish
- 09:11Neutral
- 09:26Bullish
- 11:56Neutral
- 12:11Weak bullish
- 13:01Bullish
- 15:31Neutral
- 15:46Bullish
- 20:06Neutral
Headlines (19)
First seen on September 7
- Middle East Live: Israel army orders evacuation of zone in south Lebanon ahead of strikesfrance24.com
- Oil Rises as Escalating U.S.-Iran Conflict Stokes Supply Disruption FearsThe Wall Street Journal
- Iran seeks more control of Strait or Hormuz as oil prices climbcbsnews.com
- Brent: Supply risks support prices – Danske BankFXStreet
- Oil prices climb as US-Iran missile strikes keep Hormuz risks elevatedInvestingLive
- Iran war: How US consumers spent an additional $100bn on fuelAl Jazeera
- Saudi Aramco's Jizan Refinery Hit Again as Houthi Attacks EscalateOilPrice.com
- Oil nears $98 as Chinese crude buying rebounds, Middle East risks intensifyworldoil.com
- Oil prices surge as US-Iran strikes intensify in Strait of HormuzAl Jazeera
- Oil prices climb, Dow futures sink on reports of Saudi Aramco refinery being hitMarketWatch
Carried over from earlier days
- U.S. strikes three Iranian oil tankers in renewal of hostilitiesnpr.org
- Iran War Forces a Rewrite of Global Oil Trade RoutesOilPrice.com
- 'Joining Iran's navy on seafloor': CENTCOM sinks Iranian oil tanker in Gulf of Omanjpost.com
- US, Iran engaged in tanker war: Where is the months-long conflict headed?Al Jazeera
- Iran touts military response as US maintains blockade, hits tankersAl Jazeera
- Iran warns of 'faster, heavier, more painful response' to US attacksbbc.co.uk
- Iran to declare Hormuz restricted zone, warns of 'more painful' attack responseInvestingLive
- Oil Prices Rise Slightly After U.S. and Iran Trade StrikesThe New York Times
- Hormuz traffic sinks to lowest since May, despite US Navy's escort claimsInvestingLive
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, September 7 | ||
| Bank Holiday | CAD | |
| Tuesday, September 8 | ||
| Trade Balance | 805B | CNY |
| USD-Denominated Trade Balance | 118.6B | CNY |
| Annual Budget Release | CAD | |
| Wednesday, September 9 | ||
| CPI y/y | 0.8% | CNY |
| PPI y/y | 3.6% | CNY |
| Trade Balance | CNY | |
| USD-Denominated Trade Balance | CNY | |