Brent bias flipped 3 times to weak bullish on October 4, 2026
Iran says the Strait of Hormuz will remain closed until its conditions are met, amid reports of more tankers struck in the Middle East and stalled U.S.-Iran peace talks. Iraq has arranged tanker movements to get oil past Hormuz, while attacks by Yemeni Houthis on Saudi Aramco sites were also reported. For oil supply, the G7 has ordered a 100 million-barrel oil stock release and rejected energy export bans.
Updated
The reading that day
Weak bullishAt the close of the UTC day.
BearishNeutralBullish
It changed 3 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
- 22:30Weak bullish
- 23:00Neutral
- 23:30Weak bullish
Headlines (21)
First seen on October 4
- Iran says Hormuz to remain closed until US meets conditionsAl Jazeera
- Iran will not reopen Strait of Hormuz until its conditions from June are met, Ghalibaf saysjpost.com
- More tankers struck in the Middle East as Iran reiterates conditions for reopening the Strait of HormuzCNBC
- Iraq Shifts Oil Strategy By Arranging Tanker To Move Past Hormuzgcaptain.com
- G7 orders 100 million barrel oil stock release, rejects energy export bansHellenic Shipping News
- Iran says no military solution to war as peace talks with US stallfrance24.com
- Oil climbs after Yemeni Houthis attack Saudi Aramco sitesInvesting.com
Carried over from earlier days
- Brent Holds Above $102 as Gulf Export Rebound Offsets U.S. Military MovesOilPrice.com
- WTI Oil edges down below $91.00 amid reports of higher flows from the GulfFXStreet
- Oil Prices Come Under Pressurerigzone.com
- Oil dips as traders weigh U.S.-Iran tensions against supply recoveryHellenic Shipping News
- WTI Whipsaws as Gulf Supply Improves and Middle East Risk ReturnsOilPrice.com
- IEA announces 100 million barrel oil reserve releaseInvesting.com
- Dated Brent Above $120 Signals a Serious Oil SqueezeOilPrice.com
- EU holds crisis meeting as US pressure mounts to release emergency oil stocksHellenic Shipping News
- CLARKSONS HELLAS – SnP WEEKLYHellenic Shipping News
- Oil Falls as G7 Taps Emergency Suppliesrigzone.com
- Discount on Western Canada Select widensboereport.com
- G7 nations bow to US pressure and avoid crippling diesel banAl Jazeera
- Green party conference continues with cost of living on the agenda – UK politics liveThe Guardian
- G7 to release 100 million barrels of oil and diesel, will it curb prices?Al Jazeera
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 4 | ||
| OPEC-JMMC Meetings | All | |
| Bank Holiday | CNY | |
| Monday, October 5 | ||
| Final Services PMI | 58.7 | USD |
| ISM Services PMI | 55.1 | USD |
| Bank Holiday | CNY | |
| Tuesday, October 6 | ||
| ADP Weekly Employment Change | USD | |
| Trade Balance | 1.3B | CAD |
| Trade Balance | -95.2B | USD |