Commodities (Crude Oil & Copper) & Macro Outlook

Kalshi integrates Pyth as settlement data for its new commodity center, covering major metals and energies, enabling continuous trading and reliable settlement; Pyth Pro will expand data access and asset coverage. Kalshi, a CFTC-regulated prediction-market platform, has integrated Pyth as the settlement data source for its new commodity center, covering gold, silver, Brent crude oil, natural gas, copper, corn, soybeans, and wheat. Pyth Pro will provide direct market data access to Kalshi market makers to support continuous trading and reliable settlement of commodity-related event contracts. The collaboration also plans expansion to additional asset classes, including indices, equities, and foreign exchange.

Gate News message, April 22 — International oil prices extended gains today, with WTI crude futures (U.S. benchmark crude oil) rising 4% to $93.206 per barrel and Brent crude futures (international benchmark crude oil) climbing 3.51% to $101.941 per barrel. The move follows U.S. President Trump's r

UK inflation rose to 3.3% in March, led by fuel prices amid Middle East tensions; petrol and diesel hit new highs, air fares and food rose, clothing fell, keeping inflation above the 2% target. Abstract: March UK inflation reached 3.3%, driven by soaring motor fuel costs linked to Middle East tensions; petrol and diesel price highs, rising airfares and food costs, and falling clothing, signal inflation above the target amid energy-price uncertainty.

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 4% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

U.S.-Iran tensions push Wall Street toward tokenized real-world assets and on-chain futures, expanding tokenized Treasuries and DeFi hedges to manage off-hours volatility and energy-supply risks. Abstract: The article assesses how the U.S.-Iran conflict is accelerating Wall Street’s adoption of tokenized real-world assets and on-chain futures to manage geopolitical volatility. It notes a surge in tokenized U.S. Treasuries, broader institutional integration, and the use of blockchain pricing during market closures. IMF projections of higher oil prices and slower growth frame the case for tokenized oil and DeFi hedges as prudent responses to energy shocks and supply disruptions.

Gate News: According to the latest Gate TradFi data, COCOA (Cocoa) has surged by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.

Gate News message, April 22 — Iran's Navy seized two container ships in the Strait of Hormuz on April 22, accusing them of violating maritime regulations, and transferred the vessels to Iranian coastal waters. The Islamic Revolutionary Guard Corps participated in the operation. The UK Maritime Trade

由於美國、以色列與伊朗之間的戰事持續干擾原物料供應，全球最大保險套製造商康樂斯（Karex）表示，保險套價格恐將調漲 20% 至 30% 以上。這場衝突不僅衝擊全球能源市場，更進一步推升了各項消費性產品的製造成本，讓全球供應鏈面臨嚴峻考驗。 荷姆茲海峽遭封鎖，石化原物料供應受阻 康樂斯執行長 Goh Miah Kiat 接受媒體採訪時指出，因保險套的製造高度依賴石油衍生產品，自二月底衝突爆發以來，生產成本急遽上升，包括用於保存乳膠的氨水，以及作為潤滑劑的矽油等基礎石化原料都受到衝擊。 除了原油之外，用於製造包裝材料的輕油等石化進料同樣面臨短缺，導致高度仰賴進口原物料的亞洲製造商必須調漲價

Gate News message, April 22 — U.S. President Donald Trump has agreed to extend the U.S.-Iran ceasefire for only 3 to 5 days, rather than the long-term arrangement previously anticipated by markets, to secure a final negotiation window. Pakistan indicated that a second round of talks could restart wi

Ukraine completed repairs on the Friendship Pipeline's Ukrainian section per Naftogaz and MOL, enabling resumption of oil transit to Hungary and Slovakia.

Iran's envoy says talks can start once Washington ends its naval blockade and ceases ceasefire violations; signals of a possible lift, with markets moving as metals rise and the dollar and oil fall. Abstract: The piece reports that Iran's UN envoy is ready to negotiate immediately if the U.S. ends its blockade and ceases ceasefire violations, citing Tasnim News Agency; it notes signals of a possible lift and related market reactions.

Gate News message, April 22 — Just 15 minutes before U.S. President Trump announced an extension of the ceasefire agreement with Iran, traders placed a $430 million bet on falling oil prices. This marks the third such wager this month and the fourth since the conflict began, demonstrating a pattern

Abstract: This article reports Japan’s FY2025 trade data, showing a 1.71 trillion yen deficit—the fifth consecutive—driven by imports growing slowly despite 4% export gains led by semiconductors. It notes surging U.S. crude and LNG exports, with weaker auto and semiconductor equipment shipments to the United States due to tariffs. Summary: Japan posted a 1.71 trillion yen FY2025 trade deficit, exports up 4% on semiconductors, imports up 0.5%; U.S. energy exports rose, but auto and semiconductor equipment shipments to the U.S. fell due to tariffs.

Gate News message, April 22 — The U.S. military boarded and seized the stateless oil tanker M/T Tiffany in the Indian Ocean overnight on April 21 (local time), according to the U.S. Department of Defense. The vessel, carrying approximately 2 million barrels of crude oil, was traveling from waters

Abstract: Former President Donald Trump claimed on social media that Iran's finances are on the brink of collapse and that Tehran must open the Strait of Hormuz, alleging Iran loses $500 million daily and that military and police are unpaid. Trump posted that Iran's finances are collapsing, urging the Strait of Hormuz to open; he says Tehran loses about $500 million daily and that security forces face unpaid wages.

France faces €4–6B losses from the Iran conflict, driven by higher energy costs and €3.6B in borrowing costs, with a €6B spending freeze and new energy measures to avoid broad budget cuts.

美國總統川普於 4 月 22 日宣布延長對伊朗停火期限，在巴基斯坦陸軍參謀長及總理的請求下，美方將等待伊朗提交統一方案後再推進，同時繼續維持海上封鎖並保持戰備狀態。伊朗拒絕出席原定在伊斯蘭堡的新一輪談判，霍爾木茲海峽再度關閉。比特幣反彈至 76,000 美元，分析師 DonAlt 將此視為決定後市走向的關鍵早期警示位。

Trump seeks to extend a 60-day Jones Act waiver paused in March to ease oil shipments amid tensions; White House notes 40 tankers boosted fleet by 70%, cutting transport costs. Abstract: This article discusses President Trump's effort to extend a 60-day waiver of the Jones Act, suspended in March to ease oil shipments amid Iran tensions. It notes that the waiver has expanded the effective U.S. fleet by about 70% and enabled 40 tankers to move petroleum between ports from California to Texas, Florida, and Alaska, helping to reduce transportation costs.

Polymarket4月21日宣布推出永續合約，首波資產為比特幣、NVDA、黃金，最高10x槓桿、24/7交易，現以早期使用名單開放。因完成CFTC DCM註冊，得以在美國提供長倉型期貨與永續合約，無到期日。同期 Kalshi 宣布競品，市場傳聞新輪融資估值偏高。手續費、保證金、清算等細節待正式上線公布。

Oil prices drift lower as WTI dips below $89 and Brent holds near $98; silver gains amid a softer energy tone, with spot at $77.42/oz and NYMEX futures above $78. Abstract: This market brief notes a mixed energy and metals session. WTI crude slipped below $89 while Brent traded around $98 after modest declines, indicating soft demand or profit-taking. In contrast, silver rose, with spot at $77.42/oz and NYMEX futures above $78, signaling relative strength in precious metals amid a softer crude backdrop. The note suggests cautious positioning as energies and metals diverge in the near term.