Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
Gate MCP
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
Glassnode: Hyperliquid pauses are continuously buying $BTC, indicating growing confidence that Bitcoin will break out of its consolidation range and may attract new risk interest from traders.
Crude Oil Rises After Trump Raises Threats Against Iranian Ships
Crude Oil Focus:
Trump orders the U.S. Navy to shoot and kill Iranian ships laying mines in the Strait of Hormuz.
Lebanon and Israel agree to extend the ceasefire for three weeks, Trump said after a meeting in Washington.
************************************************************
Friday, April 24, 2026 - At the close of this morning's session, oil prices are observed to be bullish supported by sentiment from increasing signals of tension in the Strait of Hormuz and intense airstrikes in Iran. However, the extension of the Lebanon-Israel ceasefire limits further price movement.
President Donald Trump on Thursday said he has ordered the U.S. Navy to shoot and kill Iranian ships laying mines in the Strait of Hormuz. Additionally, the U.S. military will increase efforts to remove explosives from this strategic waterway, Trump added.
Further support comes from Iran's Mehr news agency, reporting that Tehran's air defense systems attacked enemy targets in several parts of the Iranian capital on Thursday night, following earlier reports that air defense batteries had been activated in the city.
Meanwhile, on Thursday, Trump announced that Lebanon and Israel have agreed to extend the ceasefire for three weeks, after a meeting between the two countries facilitated by the U.S. in Washington. Trump also added that the U.S. will work with Lebanon to protect itself from Hezbollah.
Adding to the price pressure, S&P Global Energy estimates that global oil demand in 2026 is expected to decrease by 700,000 barrels per day due to the U.S.-Iran war, said consultant Ethan Ng on Thursday. Global oil demand growth is projected to shrink to 400,000 bpd compared to the previous estimate of 1.1 million bpd before the war.
From a technical perspective, oil prices may encounter the nearest resistance at $100 per barrel. However, if negative catalysts occur, prices could fall to the nearest support at $95 per barrel.