Oil Market Snapshot — Fri, 11 Sep 2026 10:00 UTC
Published 2026-09-11 10:05
The Strait of Hormuz remains closed as of 10:00 GMT, fueling unprecedented crude price spikes. WTI Crude futures surged to $101.08/barrel, a 6.69% increase in 24 hours. Brent Crude followed suit, hitting $104.52/barrel, up 3.19%. This dramatic escalation follows reports Gulf Ministers will meet Iran for a deal. The Disruption Index registers an extreme 998, a 899-point increase from the prior reading, reflecting acute supply concerns. European LNG spot prices are flat at 0 EUR/MWh, signaling market detachment from regional gas due to the global crude crisis. The immediate focus remains on diplomatic efforts to reopen the critical shipping lane and de-escalate regional tensions. Any sustained closure portends further extreme volatility.
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.