Oil Market Snapshot — Wed, 22 Jul 2026 12:00 UTC
Published 2026-07-22 12:05
The Strait of Hormuz closure due to escalating US-Iran conflict has propelled Brent Crude Oil to $100.5/barrel, a 5.57% gain, and WTI Crude Oil to $101.7/barrel, up 5.31% in the last 24 hours. The Disruption Index remains at 99. The blockade, which drove prices above $95, has now firmly established crude benchmarks in triple-digit territory. LNG also saw significant volatility, rising 4.24% to 62.23 EUR/MWh. The absence of new headlines this hour emphasizes the market's continued reaction to the geopolitical event. Sustained tension points to further price support.
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 | 94.95 USD/barrel | 4.3 |
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?
- US-Iran Conflict Escalates, Strait of Hormuz Blockade Drives Oil Prices Above $95
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.