WTI bias flipped 5 times to neutral on August 23, 2026
Escalating tensions around the Hormuz Strait and Iran's threats against other oil export routes have triggered a weekly surge in oil prices, with Brent up 12% over two weeks. The impasse has raised concerns about supply disruptions that could outlast the conflict, as Iran warns neighbours against joining US sanctions. In response, oil majors are accelerating projects in the Americas to address the production gap, though the immediate risk remains tied to geopolitical developments.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It changed 5 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 bullish
- 00:54Neutral
- 17:51Weak bullish
- 18:51Neutral
- 23:04Weak bearish
- 23:36Neutral
Headlines (17)
First seen on August 23
- Iran’s new security chief says neighbours who join US economic war will be considered ‘enemies’The Guardian
- Hormuz crisis hides a deeper oil threat that could outlast the warfoxnews.com
- Can Iran retaliate against countries that join US ‘economic war’?Al Jazeera
- Here are some of Trump’s options as he prepares to increase economic pressure on Iranjpost.com
- Iran war: Top US lawmaker says Republicans can ‘absolutely’ win midtermsAl Jazeera
- Oil prices post weekly surge on Hormuz impasse, Brent now up 12% over two weeksHellenic Shipping News
- Oil majors pile in on Americas projects to plug production gapHellenic Shipping News
Carried over from earlier days
- Middle East live: Hormuz shipping traffic falls as Iran-US talks stallfrance24.com
- IEA chief compares situation surrounding Strait of Hormuz to broken vaseTASS
- Oil prices on track for second straight weekly rise amid Mideast tensionsHellenic Shipping News
- Oil prices rise toward $94 as U.S. prepares new Iran economic measuresworldoil.com
- Oil Bulls Take Control as Iran Deal Collapses and Hormuz Stays RestrictedOilPrice.com
- India Builds Clean Power Faster Than It Can Use ItOilPrice.com
- Oil Nears $100 as Trump’s ‘Economic D-Day’ Raises the StakesOilPrice.com
- US, Iran keep up hostile rhetoric ahead of new sanctionsInvesting.com
- Persuasion, denial and bluster: Trump ‘stuck’ on Iran war ahead of electionsThe Guardian
- Iran to attack other oil export routes if Gulf countries support US sanctions — officialTASS
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 24 | ||
| Corporate Profits q/q | CAD | |
| Wednesday, August 26 | ||
| Crude Oil Inventories | USD | |
| Thursday, August 27 | ||
| Current Account | 5.6B | CAD |
| CB Leading Index m/m | CNY | |
| Friday, August 28 | ||
| GDP m/m | 0.2% | CAD |
| Monday, August 31 | ||
| Non-Manufacturing PMI | CNY | |
| Manufacturing PMI | CNY | |
| Tuesday, September 1 | ||
| RatingDog Manufacturing PMI | CNY | |