Oil Market Snapshot — Wed, 22 Jul 2026 16:00 UTC
Published 2026-07-22 16:05
The Strait of Hormuz closure, stemming from escalating US-Iran conflict, defines today’s market. Brent Crude surged to $100.5/barrel, a 24-hour increase of 5.57%, while WTI Crude hit $101.7/barrel, up 5.31%. Lesser-referenced Brent Crude followed at $94.55 (+3.89%), and WTI Crude at $87.12 (+3.30%). LNG also saw significant gains, reaching €62.54/MWh, a 4.77% rise. Absence of new headlines in the last hour suggests market participants are digesting the Hormuz development. The Disruption Index remains elevated at 99, unchanged from its prior reading. Future oil price trajectory hinges directly on the Strait's reopening.
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 | 94.55 USD/barrel | 3.89 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- LNG: % —
- Brent Crude: % —
- 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?
- US-Iran Conflict Escalates, Strait of Hormuz Closed, Oil Prices Jump
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.