Oil Market Snapshot — Wed, 22 Jul 2026 17:00 UTC
Published 2026-07-22 17:05
The Strait of Hormuz closure due to escalating US-Iran conflict sent oil prices soaring. Brent Crude reached $100.5/barrel, a 24-hour increase of 5.57%, while WTI Crude hit $101.7/barrel, up 5.31%. Liquefied Natural Gas (LNG) also jumped, trading at €62.54/MWh, a 4.77% rise. The Disruption Index remains elevated at 99, unchanged from the prior reading, underscoring persistent market volatility. Earlier price action saw Brent at $94.55 (+3.89%) and WTI at $87.12 (+3.30%). With no new headlines in the last hour, markets are digesting the implications of continued geopolitical instability. Further escalation in the Middle East remains the primary driver of forward price action.
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.