Oil Market Snapshot — Wed, 22 Jul 2026 06:00 UTC
Published 2026-07-22 06:05
Brent Crude (100.5 USD/barrel, +5.57%) and WTI Crude Oil (101.7 USD/barrel, +5.31%) surged over 5% in the last 24 hours, driven by escalating US-Iran hostilities severely disrupting the Strait of Hormuz. The Disruption Index remains elevated at 99. These gains eclipse the more modest increases in Brent Crude (92.44 USD/barrel, +1.58%) and WTI Crude (84.7 USD/barrel, +0.43%) from earlier contract months. VLCC tanker rates are flat at $469,000/day as ongoing geopolitical tensions overshadow other fundamental drivers. The market is now singularly focused on the Strait of Hormuz. Further escalation risks pushing prices higher.
Price snapshot
| Commodity | Price | Change |
|---|---|---|
| VLCC tanker freight | 469000 USD/day | 0 |
| 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 |
Top movers
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- Brent Crude: % —
- WTI Crude: % —
- VLCC tanker freight: % —
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 Hostilities Escalate, Strait of Hormuz Remains Disrupted
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.