Oil Market Snapshot — Wed, 22 Jul 2026 09:00 UTC
Published 2026-07-22 09:05
Oil futures surged as the Strait of Hormuz remained closed following tanker attacks. Brent Crude Oil jumped 5.57% to $100.5/barrel, while WTI Crude Oil rose 5.31% to $101.7/barrel within 24 hours. The Brent Crude front-month contract reached $93.54/barrel (+2.78%) and WTI Crude hit $86.11/barrel (+2.09%). VLCC tanker freight rates held steady at $469,000/day, despite the blockage. The Disruption Index registered 99, indicating sustained severe market impact. The ongoing closure of the Strait of Hormuz poses an immediate and substantial supply risk to global energy markets.
Price snapshot
| Commodity | Price | Change |
|---|---|---|
| VLCC tanker freight | 469000 USD/day | 0 |
| 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 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- Brent Crude: % —
- WTI Crude: % —
- VLCC tanker freight: % —
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?
- Strait of Hormuz Blocked After Tanker Attacks, Oil Prices Surge
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.