Oil Market Snapshot — Thu, 10 Sep 2026 22:00 UTC
Published 2026-09-10 22:05
Global oil markets are experiencing extreme volatility. WTI Crude surged to $102.05/barrel (+6.25%) and Brent Crude to $107.24/barrel (+5.96%) as the Strait of Hormuz remains severely disrupted, classified as "partial" amid escalating US-Iran conflict. This disruption, indicated by a Disruption Index of 99, is the primary driver of today's price spike. Additional oil price data shows Brent Crude Oil at $100.5/barrel (+5.57%) and WTI Crude Oil at $101.7/barrel (+5.31%). Further exacerbating supply concerns, Yemen's Houthi Rebels seized the key Red Sea port of Mokha this hour, directly threatening the Bab el-Mandeb Strait, a critical chokepoint for global shipping. In contrast, LNG prices saw a modest decline, trading at 83.06 EUR/MWh (-1.11%). The immediate future points to continued upward pressure on oil prices as geopolitical risks remain elevated.
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 | 107.24 USD/barrel | 5.96 |
Top movers
- WTI Crude: % —
- Brent Crude: % —
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- LNG: % —
Related news
- Yemen's Houthi Rebels Seize Key Red Sea Port of Mokha, Threatening Bab el-Mandeb Strait — Iranian-backed Houthi rebels have seized control of the strategic Red Sea port city of Mokha in Yemen. This development could enable the Houthis to more easily target ships transiting the Bab el-Mandeb Strait, a crucial waterway for Saudi Arabian oil exports. The seizure raises concerns about additional disruptions to global energy flows, complementing the crisis in the Strait of Hormuz.
Frequently asked questions
- What moved oil prices this hour?
- WTI Crude led with a +6.25% move.
- What is the current Strait of Hormuz status?
- US-Iran Conflict Escalates, Strait of Hormuz Severely Disrupted, Oil Prices Soar
- What is the Disruption Index?
- Currently 99, up 0 vs prior reading.