Oil Market Snapshot — Sun, 07 Jun 2026 04:00 UTC
Published 2026-06-07 04:05
The Strait of Hormuz is closed, with Iran launching missiles and drones toward the critical shipping chokepoint, and reports of US intercepts. This immediately sent Brent Crude Oil to $100.5/barrel, a 5.57% increase, and WTI Crude Oil to $101.7/barrel, up 5.31% over the last 24 hours. The Disruption Index remains elevated at 99. Conversely, WTI Crude saw a 2.69% decline to $90.54/barrel, and Brent Crude dropped 0.33% to $92.78/barrel, indicating divergent market reactions amidst the developing crisis. LNG posted a minor decline of 0.52%, reaching 48.5 EUR/MWh. The immediate focus remains on the geopolitical escalation in the Middle East.
Price snapshot
| Commodity | Price | Change |
|---|---|---|
| Petrochemicals | USD/ | 0 |
| 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 |
| Brent Crude | 92.78 USD/barrel | -0.33 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- WTI Crude: % —
- LNG: % —
- Brent Crude: % —
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?
- Iran launches missiles and drones toward Strait of Hormuz; US intercepts
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.