Oil Market Snapshot — Fri, 11 Sep 2026 15:00 UTC
Published 2026-09-11 15:05
The Strait of Hormuz is closed as of 15:00 GMT, following an unprecedented surge in the Disruption Index to 998, up 899 points from its prior reading. This geopolitical event has immediately fractured crude oil pricing, with Brent Crude Oil trading at $100.50/barrel, marking a dramatic +5.57% increase over 24 hours, while WTI Crude Oil is at $101.70/barrel, up +5.31%. Concurrently, however, other Brent Crude contracts show a -3.31% drop to $104.07/barrel, and WTI Crude at $100.05/barrel is down -2.40%, indicating severe market dislocation and liquidity issues. LNG futures also saw a decline, down -2.84% to €83.06/MWh. No new headlines were published in the last hour, but Gulf ministers are reportedly meeting with Iran to negotiate a resolution. The immediate focus is on the duration of the Hormuz closure and its broader supply chain implications.
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 | 104.07 USD/barrel | -3.31 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- Brent Crude: % —
- LNG: % —
- WTI Crude: % —
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 Closed; Gulf Ministers to Meet Iran for Deal
- What is the Disruption Index?
- Currently 998, up 899 vs prior reading.