Oil Market Snapshot — Thu, 23 Jul 2026 03:00 UTC
Published 2026-07-23 03:05
The Strait of Hormuz remains closed due to escalating US-Iran conflict, directly triggering significant oil price surges. Brent Crude Oil jumped 5.57% to $100.5/barrel, with WTI Crude Oil similarly climbing 5.31% to $101.7/barrel. WTI Crude saw a 4.40% increase to $88.07/barrel and Brent Crude rose 4.30% to $94.95/barrel. This supply shock is amplified by a Null USD/MWh (+48.14%) reported change in LNG prices, though the reference data for current LNG price was null. The Disruption Index holds steady at 99. Continued closure of the Strait portends sustained and further upward pressure on global energy prices.
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.