oil

According to PRNewswire, Bitmine Chairman Tom Lee stated that since the US-Iran conflict, ETH has outperformed the S&P 500 Index by 1,696 basis points, becoming the best-performing single asset globally, aside from crude oil, and has acquired the attributes of a "wartime store of value" asset.Tom Lee added that as Wall Street accelerates the promotion of on-chain tokenization and the demand for public, neutral blockchains from the Agentic AI system continues, Ethereum will continue to benefit. His basic expectation is that we are currently in the final stage of a "mini crypto winter."

According to Onchain Lens monitoring, a giant whale deposited 2 million USDC into HyperLiquid and opened short positions of 21,000 BRENTOIL and 19,000 CL with 3x leverage.

According to Gate market data, the Nasdaq 100 index futures continued to rise, reaching an intraday high with an increase of 1.5%. Brent crude oil fell 3% during the day, currently priced at $98.08 per barrel, while WTI crude oil also fell 3% during the day, currently priced at $96.31 per barrel.

Due to the ongoing escalation of the US-Iran conflict and restrictions on transportation in the Strait of Hormuz, international oil prices continue to rise strongly, experiencing the longest consecutive increase since January. Data shows that Brent crude oil (XBRUSDT) on the Gate platform is priced at $99.78, an increase of about 2.31%; WTI crude oil (XTIUSDT) is priced at $96.62, an increase of about 2.22%. Against the backdrop of rising oil prices, the trading activity of related derivatives has also increased.According to Coinglass data, the 24-hour trading volume of WTI crude oil (XTIUSDT) on the Gate platform reached $20.08 million, with a position size of about $4.53 million, ranking first among all exchanges; the 24-hour trading volume of Brent crude oil (XBRUSDT) reached $10.92 million, with a position of about $3.81 million, also ranking first. Driven by high volatility, market participation continues to rise, further highlighting Gate's advantages in liquidity and trading depth in the energy derivatives sector.Gate Contracts has pioneered the commodity contract sector, covering perpetual contract trading for XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas), providing 24/7 trading, USDT settlement, and up to 100x leverage, helping users with cross-market asset allocation and strategic layout in volatile markets.

According to on-chain analyst Onchain Lens (@OnchainLens), the whale "0xb58" closed its long position in $BRENTOIL (3x leverage), realizing a profit of $1.93 million, and then reopened a long position of 50,000 $BRENTOIL (3x leverage).Meanwhile, the whale still holds a short position in $SOL (3x leverage), currently facing an unrealized loss of $2.23 million.

According to Gate market data, U.S. stock index futures and spot gold and silver have plummeted, while international crude oil prices have rapidly surged, with WTI crude oil's increase expanding to 4%.

International oil prices continue to show a fluctuating upward trend, and market trading sentiment remains active. According to data from the Gate platform, WTI crude oil (XTIUSDT) reached a 24-hour high of $92.31, currently reported at $89.47, with an increase of 3.08%; Brent crude oil (XBRUSDT) reached a 24-hour high of $95.58, currently reported at $92.87, with an increase of 3.05%. Driven by the continuous price fluctuations, the trading heat of oil-related derivatives has further intensified.According to CoinGlass data, the 24-hour contract trading volume for WTI crude oil (XTIUSD) on the Gate platform reached $18.8854 million, while the 24-hour contract trading volume for Brent crude oil (XBR) was $13.6128 million, both ranking first globally. Continuous capital inflow has further strengthened Gate's liquidity and leading advantage in the commodity contract sector.Gate contracts pioneered the commodity contract segment, covering XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas) perpetual contract trading, providing 24/7 trading, USDT settlement, and up to 100 times leverage, assisting users in cross-market asset allocation and strategic layout during volatile market conditions.

According to a report by AXIOS citing U.S. officials, Trump suspended a controversial maritime law, the Jones Act, during the Iran war, making the transportation of oil within the United States more convenient—now he hopes to maintain this status.The law known as the Jones Act, enacted in 1920, increased shipping costs between U.S. ports by requiring goods to be transported by vessels flying the U.S. flag. In response to rising fuel prices due to the Iran war, Trump issued a 60-day waiver of the law on March 18 to streamline oil transportation.According to data provided by the White House, since then, 40 tankers have been able to transport oil between U.S. ports from California to Texas, Florida, and Alaska, increasing the actual available fleet size by 70%, thereby helping to reduce costs.

According to CoinGlass data, Brent crude oil (XBR) has a 24-hour contract trading volume of 16.5 million USD across the network, with a contract open interest of 6.2258 million USD; among them, the Gate platform has a 24-hour contract trading volume of 15 million USD, ranking first in the world; the contract open interest is 2.67 million USD, ranking second in the world. WTI crude oil (XTI) has a 24-hour contract trading volume of 20.6188 million USD across the network, with a contract open interest of 22.8109 million USD.Among them, the Gate platform has a 24-hour contract trading volume of 13.08 million USD, ranking first in the world; the open interest reaches 4.75 million USD, ranking second in the world.In the metals sector, the 24-hour trading volume of XAG contracts across the network reaches 900 million USD, among which the Gate platform's XAUT/USDT contract open interest records 72.3609 million USD, ranking third in the world.Currently, Gate has fully deepened its TradFi layout, with the spot sector supporting stock and metal trading, and the contract sector covering diversified assets such as gold, silver, foreign exchange, indices, and commodities. With a flexible USDT settlement mechanism and up to 100 times leverage, Gate continues to assist global investors in achieving cross-market, round-the-clock asset allocation and risk management.

According to on-chain analysis platform Lookonchain (@lookonchain), the largest SOL short address on the chain deposited 9 million USDC into Hyperliquid in the past 10 hours and opened a 3x xyz: BRENTOIL long position, with a position size of 200,700 contracts, valued at approximately 18.08 million USD.Meanwhile, this address still holds a short position of 254,800 SOL, valued at approximately 21.6 million USD.

According to Cointelegraph, Iran has designated Bitcoin for paying the oil transit fees in the Strait of Hormuz, but insiders say that most of the funds are still settled through stablecoins.Hamid Hosseini, spokesperson for the Iranian Oil, Gas and Petrochemical Products Exporters Union, stated that each tanker must report its cargo information to Iranian authorities via email, after which Iran will inform the amount of the fee to be paid, which must be paid in cryptocurrency. "Once the email arrives and Iran completes the assessment, the vessel will be given a few seconds to pay in Bitcoin, ensuring that it cannot be tracked or confiscated due to sanctions."

According to Jinshi reports, Federal Reserve's Daly stated that the impact of oil shocks on inflation may be greater than on economic growth.

According to Jinshi reports, Federal Reserve official Daly stated that the war and oil shocks have made the policy path uncertain.

According to Gate data, the futures prices of WTI and Brent crude oil have expanded their decline to 12%, reported at $80.21 per barrel and $87.307 per barrel, respectively. The U.S. stock market continues its upward trend, with the Dow Jones Industrial Average rising by 2.00%.

According to CoinGlass data, WTI crude oil (XTI) is priced at $89.92, with a 24-hour increase of 2.02%; Brent crude oil (XBR) is currently priced at $92.66, with a 24-hour increase of 2.08%, and oil-related contract trading remains active. For XTI, the trading volume on the Gate platform is approximately $7 million, ranking first in the entire network; for XBR, Gate has a position of about $3.42 million and a trading volume of approximately $6.58 million, both occupying the top spot. Against the backdrop of fluctuating oil prices, Gate maintains a leading position in the related derivatives market.Gate contracts have taken the lead in oil, pioneering the commodity contract sector, covering XBRUSDT (Brent crude oil) and WTIUSDT (WTI crude oil) perpetual contract trading, providing 24/7 trading, USDT settlement, and up to 100 times leverage, assisting users in cross-market asset allocation and strategic layout amid volatile markets.

According to Bloomberg, the top derivatives regulator in the United States is investigating a series of "exceptionally timed" crude oil futures trades that occurred before Trump's recent adjustments to Iran war policy. According to informed sources, the investigation has been initiated.The U.S. CFTC is leading the investigation into crude oil futures contract trades conducted on the CME Group and Intercontinental Exchange platforms. Informed sources stated that they requested anonymity due to the information not being public.Currently, both trading platforms have been asked to submit relevant trading data to the regulators to cooperate with the investigation.