Oil Market Snapshot — Thu, 10 Sep 2026 18:00 UTC
Published 2026-09-10 18:05
Global oil markets surged this hour, driven by the complete closure of the Strait of Hormuz following Iran's expansion of a "No-Go Zone" and strikes on vessels. Brent Crude now trades at $100.5/barrel, a 5.57% increase, while WTI Crude hit $101.7/barrel, up 5.31% over 24 hours, both breaking the $100 psychological barrier for the first time since Q4 2024. The geopolitical "Disruption Index" remains at 99. The immediate supply implications of Hormuz being closed, through which 20% of the world's oil transits, are profound. Although no new headlines were published in this specific hour, the ongoing situation dominates all market activity. Aluminium saw a modest decline of 1.55% to $3310/MT, while European LNG spot prices and Urea fertilizer spot prices were flat at 0 EUR/MWh and 0 USD/MT respectively, indicating no active trading or extreme volatility in these specific markets in the past 24 hours. Crude futures are expected to remain extremely volatile as traders assess the full impact of the Hormuz closure on global supply.
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.