Oil Market Snapshot — Thu, 10 Sep 2026 16:00 UTC
Published 2026-09-10 16:05
Global oil markets surged violently in the hour ending 16:00 GMT on Thursday, September 10, 2026, driven by the confirmed closure of the Strait of Hormuz. Iran's expansion of its "No-Go Zone" following vessel strikes has halted critical maritime traffic. This geopolitical escalation sent Brent Crude Oil soaring to $100.5/barrel, a +5.57% increase over 24 hours, while WTI Crude Oil jumped +5.31% to $101.7/barrel. The Disruption Index remained at 99, reflecting the sustained, extreme geopolitical risk. Aluminium prices edged down to $3310/MT, a -1.55% change, showing a flight from industrial metals amid the oil crisis. LNG Europe spot prices and Urea fertilizer spot prices remained untraded at 0 EUR/MWh and 0 USD/MT respectively within this specific hour, indicating a market pause or lack of fresh data for these commodities. The full impact of the Hormuz closure on global supply chains and economic stability will dominate market activity in the coming days.
Price snapshot
| Commodity | Price | Change |
|---|---|---|
| Aluminium | 3310 USD/MT | -1.55 |
| VLCC tanker freight | 280941 USD/day | — |
| 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 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- Aluminium: % —
- LNG Europe spot price: % —
- Urea fertilizer 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 Vessels, Expands No-Go Zone in Strait of Hormuz
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.