Oil Market Snapshot — Fri, 11 Sep 2026 00:00 UTC

Oil prices surged dramatically as the Strait of Hormuz remained closed amid ongoing US-Iran conflict, pushing the Disruption Index to 99. Brent Crude (107.63 USD/barrel) spiked 6.34%, while WTI Crude (102.48 USD/barrel) climbed 6.69% in the last 24 hours. NBC News reported Brent Crude surpassed $105 and WTI topped $100 within the hour, directly attributing the gains to the Middle East conflict and the critical choke point's closure. Brent Crude Oil registered 100.5 USD/barrel (+5.57%) and WTI Crude Oil 101.7 USD/barrel (+5.31%). LNG also saw a 2.63% increase. The sustained closure of Hormuz is the primary driver of these significant market movements. Expect continued extreme volatility as geopolitical tensions persist.

Price snapshot

Top movers

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Related news

• Brent Crude Surges Past $105, WTI Tops $100 Amid Middle East Conflict — Global oil benchmarks Brent and WTI crude have surged, with Brent surpassing $105 per barrel and WTI topping $100, reaching multi-month highs. The price hike is a direct consequence of escalating US-Iran hostilities and severe shipping disruptions in the Strait of Hormuz.

Frequently asked questions

What moved oil prices this hour?

WTI Crude led with a +6.69% move.

What is the current Strait of Hormuz status?

Oil prices surge as Strait of Hormuz remains closed amid US-Iran conflict

What is the Disruption Index?

Currently 99, up 0 vs prior reading.