Oil Market Snapshot — Fri, 11 Sep 2026 07:00 UTC
Published 2026-09-11 07:05
Oil prices surged dramatically in the hour ending 07:00 GMT on September 11, 2026, as the Strait of Hormuz remained closed amid ongoing US-Iran conflict. The Disruption Index spiked to 998, an 899-point increase, directly fueling commodity market volatility. Brent Crude led gains, climbing 5.57% to $100.5 USD/barrel, while WTI Crude rose 5.31% to $101.7 USD/barrel. Other benchmarks also reflected significant upward pressure, with Brent Crude futures reaching $109.51 USD/barrel, up 3.19%, and WTI Crude futures at $97.26 USD/barrel, a 3.24% increase. In contrast, LNG saw a modest decline of 1.22%, trading at 83.06 EUR/MWh. No new market-moving headlines were published during this specific hour. The persistent closure of the Strait of Hormuz will continue to dominate market sentiment and pricing.
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 998, up 899 vs prior reading.