Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
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
Earn
Launch
CandyDrop
tag
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
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

WTI Crude Climbs Above $93 Per Barrel for Fourth Consecutive Day Amid U.S.-Iran Tensions

GateNews
Commodities

According to reports, on Thursday, WTI crude oil futures climbed above $93 per barrel for the fourth consecutive trading day, driven by ongoing U.S.-Iran tensions and effective blockade of the Strait of Hormuz. The waterway remains under Iranian control, with Tehran limiting nearly all international shipping traffic.

Meanwhile, the United States continues to blockade Iranian ports to increase pressure, while Tehran accuses Washington of violating the ceasefire agreement. According to U.S. Energy Information Administration data, American refined product inventories declined, indicating robust domestic consumption and export demand.

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 News

05-08 03:24
European Natural Gas Futures Fall Nearly 2% on Hormuz Strait Disruptions, LNG Supply Down 20%
05-08 03:23
WTI Crude Climbs Above $96 as U.S.-Iran Talks Stall, Strait of Hormuz Remains Closed
05-08 02:41
Explosions Reported Near Iran's Qeshm Island and Bandar Abbas Port on May 8; Tehran Accuses UAE
05-07 21:00
Trump Says Iran Talks Progressing Well, Agreement Possible Anytime on May 8
05-07 19:30
U.S. Military Strikes Iran's Kharg and Bandar Abbas Ports on May 8, Official Denies War Escalation
In-Depth Analysis

Fighting again in the Strait of Hormuz between Iran and the U.S. leads to the liquidation of over $269 million for Bitcoin bulls

Market Whisper05-08 01:04

A U.S.-Iran peace memorandum has been released? Oil prices plunge, U.S. stocks hit new highs, and Bitcoin rises to $82K

ChainNewsAbmedia05-07 00:35

Trump fires at Iran: If it refuses a peace agreement, it will be “bombed more aggressively,” oil prices fall 6%, and US stocks rise together

ChainNewsAbmedia05-06 15:02
Comment
0/400
No comments