Oil Market Snapshot — Wed, 22 Jul 2026 15:00 UTC
Published 2026-07-22 15:05
The closure of the Strait of Hormuz, stemming from an escalated US-Iran conflict, has ignited crude oil markets, driving Brent above $100 for the first time in over a year. At 15:00 GMT, Brent Crude Oil surged to $100.5 USD/barrel, a 24-hour gain of 5.57%. WTI Crude followed suit, reaching $101.7 USD/barrel, up 5.31%, with WTI Crude (the NYMEX contract) at $88.07, rising 4.40%. This geopolitical shock propelled the Disruption Index to 99, unchanged from the prior reading, underscoring the severity of the supply interruption. LNG also experienced significant upward pressure, trading at 62.23 EUR/MWh, a 4.24% increase. The current environment suggests sustained commodity price volatility.
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.