Oil Market Snapshot — Fri, 11 Sep 2026 04:00 UTC
Published 2026-09-11 04:05
Oil prices surged dramatically in the hour ending 04:00 GMT on Friday, 11 September 2026, as the Strait of Hormuz remained closed amid ongoing US-Iran conflict. This critical disruption, indicated by a Disruption Index holding at 99, drove Brent Crude Oil to $100.50/barrel, up 5.57%, and WTI Crude Oil to $101.70/barrel, a 5.31% increase over the last 24 hours. Separately quoted Brent Crude also climbed 3.19% to $109.51/barrel, while WTI Crude rose 3.24% to $97.26/barrel. The sustained closure of the Strait continues to choke off a fifth of global oil supply. In contrast, LNG saw a modest decline, down 1.22% to €83.06/MWh. With no new headlines in this hour, markets remain fixated on the geopolitical standoff. Continued Strait closure will escalate supply concerns further.
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 | 109.51 USD/barrel | 3.19 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- WTI Crude: % —
- Brent Crude: % —
- LNG: % —
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?
- Oil prices surge as Strait of Hormuz remains closed amid US-Iran conflict
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.