WTI bias flipped 10 times to bullish on August 30, 2026
Heightened US-Iran tensions are driving WTI crude, with multiple strikes on Iranian targets and Iranian claims of control over the Strait of Hormuz. A tanker incident off Oman and reports of delays for vessels passing through the strait underscore supply risks. Separately, Trump's assertion of US control over 65 billion barrels of Venezuelan reserves adds a supply-side angle, but the immediate focus is on Gulf shipping security.
Updated
The reading that day
BullishAt the close of the UTC day.
BearishNeutralBullish
It changed 10 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
- 14:14Weak bullish
- 15:22Neutral
- 19:39Bullish
- 20:27Neutral
- 21:47Bullish
- 22:03Neutral
- 22:19Bullish
- 23:11Weak bearish
- 23:32Neutral
- 23:48Bullish
Headlines (16)
First seen on August 30
- Mapping the Iran war’s strikes on Gulf energy – and what comes next for oilAl Jazeera
- Iran’s Khamenei calls for Gulf unity as Hormuz tensions persistAl Jazeera
- 30 vessels not let pass through Strait of Hormuz without Iran’s permit in past weekTASS
- Tanker struck by projectile off Oman — UKMTOTASS
- US struck two Iranian launchers spotted preparing to fire at Strait of Hormuz, source tells 'Post'jpost.com
- US strikes Iran’s Lark Island in first attack in weeksAl Jazeera
- US launches first strike on Iran in weeks as it hits rocket launchersFinancial Times
Carried over from earlier days
- Trump says Iran is 'in deep trouble' as US maintains blockade of Strait of Hormuzjpost.com
- Ship traffic along Strait of Hormuz remains heavily suppressedInvestingLive
- Pipelines and Ports: Iran War Spurs Gulf Infrastructure Investmentgcaptain.com
- Gulf Oil Exports Rebound Despite Iran WarOilPrice.com
- Trump says U.S. now has control over 65 billion barrels of Venezuelan oil reservescbsnews.com
- Iran war live: IRGC asserts strait control, US enforces blockadeAl Jazeera
- IRGC Navy says it has 'full control' over Strait of Hormuzhaaretz.com
- How Much Gas Prices Have Risen Since The Iran WarZeroHedge
- Iran's Ghalibaf Declares Persian Gulf Oil Flows For 'All Or None'ZeroHedge
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Monday, August 31 | ||
| Non-Manufacturing PMI | 49.5 | CNY |
| Manufacturing PMI | 49.5 | CNY |
| Tuesday, September 1 | ||
| RatingDog Manufacturing PMI | 51.5 | CNY |
| Manufacturing PMI | CAD | |
| Wednesday, September 2 | ||
| BOC Rate Statement | CAD | |
| Overnight Rate | 2.25% | CAD |
| Crude Oil Inventories | USD | |
| BOC Press Conference | CAD | |