Oil Market Snapshot — Thu, 23 Jul 2026 01:00 UTC
Published 2026-07-23 01:05
The Strait of Hormuz is closed due to escalating US-Iran conflict, driving LNG up 48.14% to an undisclosed USD/MWh and Brent Crude to $100.5/barrel, a 5.57% increase. WTI Crude followed, rising 5.31% to $101.7/barrel. This dramatic supply disruption, reflected in a Disruption Index of 99 (unchanged), has pushed oil prices into triple-digit territory. Broader WTI and Brent benchmarks saw respective gains of 4.40% to $88.07/barrel and 4.30% to $94.95/barrel. The market remains highly volatile, bracing for sustained supply shocks.
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 |
| VLCC tanker freight | 469000 USD/day | — |
| Brent Crude | 94.95 USD/barrel | 4.3 |
Top movers
- LNG: % —
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- WTI Crude: % —
- Brent Crude: % —
Frequently asked questions
- What moved oil prices this hour?
- LNG led with a +48.14% move.
- What is the current Strait of Hormuz status?
- US-Iran Conflict Escalates, Strait of Hormuz Effectively Closed, Oil Surges
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.