Brent news for August 25, 2026
Brent crude traded below $87 a barrel for the first time since August 14, even as geopolitical headlines highlighted risks to oil flows from the Middle East, including Houthi strikes and Iran-related sanctions that could affect shipping through the Strait of Hormuz. Morgan Stanley separately raised its Brent forecast to $100, citing a tightening market, while the U.S. Treasury plans to broaden secondary sanctions on Iran.
How the day unfolded
Brent crude slipped more than $2 as traders shrugged off fresh US sanctions on Iran, despite the US Treasury planning to broaden secondary sanctions. Meanwhile, reduced vessel traffic through the Strait of Hormuz and Iran's warnings against neighbors joining the US 'economic war' add to supply-side concerns. These factors, along with a tightening market, led Morgan Stanley to lift its Brent forecast to $100.
Brent crude slipped over $2 as traders shrugged off fresh US sanctions on Iran, despite headlines highlighting a tighter oil market and ongoing supply risks around the Strait of Hormuz. Morgan Stanley lifted its Brent forecast to $100, reflecting concerns that the crisis could outlast the immediate conflict and tighten supply further.
Brent crude slipped more than $2 as traders largely shrugged off fresh US sanctions on Iran, even as reports indicated sharply reduced tanker traffic through the Strait of Hormuz and fuel queues in Iran. The news highlights ongoing supply-side tensions in the region, while one bank raised its price forecast to $100 per barrel, underscoring the market's sensitivity to potential disruptions.
Brent crude slipped over $2 as traders shrugged off fresh US sanctions on Iran, despite the US Treasury planning to broaden secondary sanctions. A sharp drop in vessel traffic through the Strait of Hormuz and Morgan Stanley's $100 forecast highlight ongoing supply tightness. The mixed signals come as geopolitical tensions and logistics constraints continue to influence the market.
Brent crude slipped over $2 as traders shrugged off fresh US sanctions on Iran, even as reports showed fewer than 20 vessels passing through the Strait of Hormuz and Iranians queuing for petrol. Meanwhile, Morgan Stanley lifted its Brent forecast to $100, citing a tightening oil market, though oil and yields traded lower in broader markets.
Brent crude slipped over $2 as traders shrugged off fresh US sanctions on Iran, with prices dipping below $89 per barrel for the first time since August. Despite geopolitical tensions including reduced Strait of Hormuz traffic and Houthi strikes, the immediate market response was muted, even as the US Treasury plans to broaden secondary sanctions on Iran and analysts like Morgan Stanley see tighter conditions ahead.
Brent crude slipped over $2, falling below $89 a barrel for the first time since August, even as fresh US sanctions on Iran and heightened tensions in the Strait of Hormuz dominated headlines. Traders appeared to shrug off these geopolitical risks, focusing instead on other market factors. The move underscores that, despite ongoing conflicts affecting global supply routes, oil prices are currently being driven by broader supply-demand dynamics rather than immediate war-risk premiums.
Headlines (15)
- Iran’s new security chief says neighbours who join US economic war will be considered ‘enemies’www.theguardian.com · Aug 23, 03:35 UTC
- Hormuz crisis hides a deeper oil threat that could outlast the warwww.foxnews.com · Aug 23, 10:09 UTC
- Fewer than 20 vessels pass through Strait of Hormuz over weekend — Reuterstass.com · Aug 24, 09:30 UTC
- Iran's Strait of Hormuz strategy exposes the limits of destruction - opinionwww.jpost.com · Aug 24, 12:22 UTC
- U.S. Treasury to broaden scope of secondary sanctions on Iran, source sayswww.investing.com · Aug 24, 13:08 UTC
- Global food supply has become ‘collateral damage’ in conflicts: Secretary-Generalnews.un.org · Aug 24, 18:32 UTC
- ICYMI - Morgan Stanley lifts Brent forecast to $100 as oil market tightensinvestinglive.com · Aug 24, 20:35 UTC
- Oil slips over $2 as traders shrug off fresh US sanctions on Iraninvestinglive.com · Aug 24, 20:40 UTC
- Iranians queue for petrol as US blockade biteswww.ft.com · 04:11 UTC
- US firms post sharp earnings gains in second-quarter 2026www.ogj.com · 09:37 UTC
- Morning Kickstart: USD mixed as ranges remain tight. Stocks higher. Oil and yields lower.investinglive.com · 12:15 UTC
- Price of Brent oil down below $89 per barrel on London’s ICE first since August 17tass.com · 15:03 UTC
- Houthi strikes threaten to pull Yemen back into full-scale warwww.dw.com · 15:33 UTC
- Six months into Iran war, almost half of global oil flows from war zoneswww.oilandgas360.com · 19:37 UTC
- Brent crude oil falls below $87 per barrel on ICE exchange for first time since August 14tass.com · 21:01 UTC
Scheduled events
As of 23:05 UTC
- 2026-08-26 — Crude Oil Inventories · forecast 1.6M · USD
- 2026-08-27 — Current Account · forecast 3.5B · CAD
- 2026-08-27 — CB Leading Index m/m · CNY
- 2026-08-28 — GDP m/m · forecast 0.2% · CAD
- 2026-08-31 — Non-Manufacturing PMI · CNY
- 2026-08-31 — Manufacturing PMI · CNY
- 2026-09-01 — RatingDog Manufacturing PMI · CNY
- 2026-09-01 — Manufacturing PMI · CAD
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