Oil Market Snapshot — Wed, 22 Jul 2026 18:00 UTC
Published 2026-07-22 18:05
The Strait of Hormuz remains closed, driving Brent Crude futures to $100.5/barrel, a 5.57% increase in 24 hours. WTI Crude followed, rising 5.31% to $101.7/barrel. This surge immediately followed reports of the eleventh consecutive night of US strikes on Iran, with former President Trump's threats of infrastructure attacks intensifying geopolitical risk. LNG prices also climbed 4.77% to 62.54 EUR/MWh. The "Disruption Index" held at 99. The escalating US-Iran conflict is the sole catalyst for today's significant commodity price movements. Expect continued volatility, with further price increases contingent on the Strait's closure duration and conflict escalation.
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: % —
Related news
- US Launches 11th Night of Strikes on Iran, Trump Warns of Infrastructure Attacks — The United States carried out its eleventh consecutive night of strikes on Iranian military facilities, with air defenses reportedly active over Tehran. President Trump issued a warning that the US would destroy one Iranian bridge or power plant for each attack on ships in the Strait of Hormuz, signaling a significant escalation of the conflict.
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.