Oil Market Snapshot — Thu, 10 Sep 2026 19:00 UTC
Published 2026-09-10 19:05
Oil markets surged as the Strait of Hormuz remained closed, following reports of Iranian strikes on vessels and an expanded no-go zone. Brent Crude jumped +5.57% to $100.5/barrel, while WTI Crude rose +5.31% to $101.7/barrel in the past 24 hours, driven by severe supply concerns. This closure, reflected in a Disruption Index holding at 99, signifies critical geopolitical tensions impacting global crude flows. Aluminium prices edged down -1.55% to $3310/MT, largely decoupled from crude's supply shock. LNG European spot and Urea fertilizer spot prices showed no 24-hour movement, indicating a focused market reaction primarily to oil transit risks. With no new headlines this hour, market participants are now fully processing the impact of the Hormuz closure on global energy supply. The immediate focus remains on diplomatic efforts to reopen the critical shipping lane.
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.