Oil Market Snapshot — Fri, 11 Sep 2026 03:00 UTC
Published 2026-09-11 03:05
Oil prices surged as the Strait of Hormuz remained closed amid the ongoing US-Iran conflict, a critical disruption driving market volatility. WTI Crude led gains, climbing 6.69% to $102.48/barrel, while Brent Crude rose 6.34% to $107.63/barrel. This closure, reflected in a stable Disruption Index of 99, fundamentally reshaped the supply outlook. Other key oil benchmarks followed suit, with Brent Crude Oil up 5.57% to $100.5/barrel and WTI Crude Oil increasing 5.31% to $101.7/barrel. LNG also saw a 2.63% uptick. No new headlines emerged within this hour, suggesting the market is primarily reacting to the pre-existing geopolitical situation. Continued closure of the Strait portends further upward pressure on energy markets.
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.