Gate News message, April 24 — Iran’s Foreign Minister Araghchi is expected to arrive in Islamabad on Friday evening (April 25) leading a small delegation for potential negotiations with the United States, according to a Pakistani government source. Oil prices fell sharply following the announcement as markets price in the possibility of diplomatic talks.
Traders are unwinding long positions ahead of an uncertain weekend, according to Tamas Varga of oil brokerage PVM. While fundamental conditions remain supportive, market participants are taking profits and plan to reassess positions on Sunday evening based on developments in the Iran situation.
However, if negotiations show no progress by late April and fighting resumes, oil prices could rise to a new high for the year, according to a report from Haitong Futures. Susanna Street, chief investment strategist at UK investment firm Wealth Club, warned that key transportation routes in the region remain blocked, which will continue to support elevated commodity prices.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Whale Loses $10 Million on $55.36M Crude Oil Long Positions, Realizes $586K Loss on May 6
According to BlockBeats, a whale address (0xebe...14070) accumulated $55.36 million in long positions on crude oil (CL and BRENTOIL) on May 6, with entry prices of $107.1 and $112.4 respectively. The address realized $586,000 in losses after partial liquidation today and remains down
GateNews16m ago
Bitcoin Hits $82K as Longest Negative Funding Streak This Decade Reaches 67 Days
According to K33 research firm, Bitcoin trading above $82,000 on Wednesday reached its highest level in over three months, coinciding with the longest negative 30-day average funding rate streak this decade. The 67 consecutive days of negative funding surpasses the previous record from March 15 to M
GateNews2h ago
WTI Crude Falls 8.00% to $95.33 Overnight, Brent Drops Below $101
According to Gate data, WTI crude oil fell 8.00% to $95.33 per barrel today, with Brent crude dropping 7.40% below $101 per barrel, marking the lowest level since April 27.
GateNews2h ago
Two Whale Addresses Open $27M Spread Position Betting U.S. Crude Outperforms Brent on May 6
According to Hyperinsight, two major whale addresses on Hyperliquid opened a spread position (long WTI, short Brent crude) worth $27 million combined on May 6, betting on U.S. crude outperforming Brent. During today's sharp oil price decline, WTI crude weakened, pushing the two addresses' 20x levera
GateNews2h ago
WTI Crude Oil Plunges 8% Intraday to $95.33/Barrel, Brent Falls Below $101
According to Gate data, WTI crude oil fell 8.00% intraday to $95.33 per barrel on May 6. Brent crude slipped below $101 per barrel with a 7.40% daily decline.
GateNews4h ago
