Oil Market Snapshot — Wed, 22 Jul 2026 07:00 UTC
Published 2026-07-22 07:05
Brent Crude Oil surged 5.57% to $100.5/barrel, with WTI Crude Oil climbing 5.31% to $101.7/barrel, driven by escalating US-Iran hostilities and continued disruption in the Strait of Hormuz. The Disruption Index held at 99. The critical chokepoint remains partially open, significantly impacting sentiment. Earlier gains in Brent Crude (+1.58% to $92.44) and WTI Crude (+0.43% to $84.7) were overshadowed by the latest escalation. VLCC tanker freight rates held steady at $469,000/day. Market focus remains on de-escalation prospects.
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.