Oil Market Snapshot — Wed, 22 Jul 2026 10:00 UTC
Published 2026-07-22 10:05
With the Strait of Hormuz closed following tanker attacks, Brent Crude hit $100.5/barrel, a 5.57% 24-hour surge, while WTI Crude reached $101.7/barrel, up 5.31%. These gains reflect immediate supply disruption. Earlier, the more commonly cited Brent Crude was at $93.54 (+2.78%) and WTI Crude at $86.11 (+2.09%), prior to the latest pricing. VLCC tanker freight rates remained unchanged at $469,000/day, suggesting current blockade impact overrides new booking pressure. The Disruption Index stands at 99, unchanged, indicating sustained, extreme market stress. Future oil price trajectory hinges entirely on the swift, or protracted, resolution of the Hormuz blockade.
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.