Oil Market Snapshot — Wed, 22 Jul 2026 13:00 UTC
Published 2026-07-22 13:05
The Strait of Hormuz remains closed due to escalating US-Iran conflict, pushing benchmark crude prices significantly higher. Brent Crude Oil topped $100.50/barrel, marking a 5.57% increase over 24 hours. WTI Crude Oil followed suit, rising 5.31% to $101.70/barrel. The broader Disruption Index holds at 99, unchanged, reflecting sustained geopolitical tensions. LNG prices also saw a notable jump, up 4.24% to 62.23 EUR/MWh. With no new headlines this hour, the market is digesting the existing supply shock. Further escalation in the Persian Gulf could cement triple-digit oil prices.
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.