Oil Market Snapshot — Wed, 22 Jul 2026 19:00 UTC
Published 2026-07-22 19:05
The Strait of Hormuz closure, stemming from escalating US-Iran conflict, instantly propelled Brent Crude Oil to $100.5/barrel (+5.57%) and WTI Crude Oil to $101.7/barrel (+5.31%). LNG followed suit, jumping 4.77% to 62.54 EUR/MWh. The "Disruption Index" remains at 99, reflecting sustained high geopolitical risk. The immediate market response underscores the critical role of Middle Eastern crude supply routes. Previous price benchmarks, such as Brent at $94.55/barrel (+3.89%) and WTI at $87.12/barrel (+3.30%) from earlier in the day, have been eclipsed by current trading. Further price volatility is anticipated as the geopolitical situation develops.
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.