Oil Market Snapshot — Wed, 22 Jul 2026 14:00 UTC
Published 2026-07-22 14:05
The Strait of Hormuz remains closed due to escalating US-Iran conflict, immediately driving Brent Crude to $100.5/barrel (+5.57%) and WTI Crude to $101.7/barrel (+5.31%). This blockade, signaled by a Disruption Index of 99, has pushed both Brent Crude and WTI Crude benchmarks up over 4% in 24 hours, now trading at $94.95 and $88.07 respectively, with Investing.com reporting Brent above $95 and WTI above $87. LNG prices also surged, reaching 62.23 EUR/MWh (+4.24%). Market focus is now squarely on the duration and broader implications of the Hormuz closure on global supply.
Price snapshot
| Commodity | Price | Change |
|---|---|---|
| Brent Crude Oil | 100.5 USD/barrel | 5.57 |
| WTI Crude Oil | 101.7 USD/barrel | 5.31 |
| LNG Europe spot price | 0 EUR/MWh | 0 |
| Urea fertilizer spot price | 0 USD/MT | 0 |
| Methanol spot price | 0 USD/MT | 0 |
| Sulfur spot price | 0 USD/MT | 0 |
| Aluminium LME spot price | 0 USD/MT | 0 |
| VLCC tanker freight rate | 0 USD/day | 0 |
| Petrochemicals | USD/ | 0 |
| Brent Crude | 94.95 USD/barrel | 4.3 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- WTI Crude: % —
- Brent Crude: % —
- LNG: % —
Related news
- Brent Crude tops $95, WTI above $87 as Middle East conflict threatens supply routes — Oil prices surged to near six-week highs, with Brent crude surpassing $95 per barrel and WTI above $87. This rise is driven by escalating US-Iran tensions and threats to critical oil transit routes in the Middle East and Black Sea.
Frequently asked questions
- What moved oil prices this hour?
- Brent Crude Oil led with a +5.57% move.
- What is the current Strait of Hormuz status?
- US-Iran Conflict Escalates, Strait of Hormuz Blockade Drives Oil Prices Above $95
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.