Oil Market Snapshot — Thu, 10 Sep 2026 15:00 UTC
Published 2026-09-10 15:05
The global oil market is in turmoil following the complete closure of the Strait of Hormuz by Iran, which has expanded its no-go zone after striking ships. This unprecedented disruption, reflected in a stable but elevated Disruption Index of 99, has sent crude prices soaring over the past 24 hours. Brent Crude Oil surged 5.57% to $100.5/barrel, while WTI Crude Oil rose 5.31% to $101.7/barrel. While some daily price changes are smaller, such as WTI Crude at $97.25 (+1.25%) and Brent Crude at $101.7 (+0.48%), these reflect shifts within the past hour or specific contracts rather than the overarching market reaction to the Hormuz situation. LNG Europe spot prices remained flat at 0 EUR/MWh, indicating a potential disconnect or lagging response in gas markets compared to oil. The immediate focus remains on de-escalation efforts and alternative supply routes.
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 | 101.7 USD/barrel | 0.48 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- WTI Crude: % —
- Brent Crude: % —
- LNG Europe spot price: % —
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 strikes ships, expands no-go zone outside Strait of Hormuz
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.