Oil Market Snapshot — Fri, 11 Sep 2026 08:00 UTC
Published 2026-09-11 08:05
The Strait of Hormuz remains closed, driving the Disruption Index to an unprecedented 998, a 899-point surge from the prior reading. This critical choke point closure has triggered a massive rally across crude benchmarks. WTI Crude surged to $101.08/barrel, a 6.69% increase. Brent Crude Oil followed, reaching $100.5/barrel with a 5.57% gain. Another WTI Crude Oil price point registered $101.7/barrel (+5.31%), while Brent Crude traded at $104.52/barrel, up 3.19%. LNG Europe spot prices held flat at 0 EUR/MWh. Gulf Ministers are reportedly convening to negotiate with Iran. With no new headlines in the last hour, market focus remains solely on the Strait's status and diplomatic efforts. Supply disruption will dominate pricing until a resolution emerges.
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 | 104.52 USD/barrel | 3.19 |
Top movers
- WTI Crude: % —
- Brent Crude Oil: % —
- WTI Crude Oil: % —
- Brent Crude: % —
- LNG Europe spot price: % —
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?
- Strait of Hormuz Closed; Gulf Ministers to Meet Iran for Deal
- What is the Disruption Index?
- Currently 998, up 899 vs prior reading.