Oil Market Snapshot — Fri, 11 Sep 2026 02:00 UTC
Published 2026-09-11 02:05
Oil prices surged dramatically as the Strait of Hormuz remained closed amid ongoing US-Iran conflict, pushing the Disruption Index to 99. WTI Crude led gains, spiking 6.69% to $102.48/barrel, while Brent Crude rose 6.34% to $107.63/barrel. This marks the third consecutive day of triple-digit crude prices, with Brent Crude Oil at $100.5/barrel (+5.57%) and WTI Crude Oil at $101.7/barrel (+5.31%). LNG also saw an uptick, gaining 2.63%. The closure of the critical shipping lane, impacting 20% of global oil supply, continues to be the primary driver. With no new headlines this hour, markets are consolidating these steep gains. Supply fundamentals will remain the sole focus until the Strait reopens.
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 | 800000 USD/day | 0 |
| Brent Crude | 107.63 USD/barrel | 6.34 |
Top movers
- WTI Crude: % —
- Brent Crude: % —
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- LNG: % —
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.