Commodities (Crude Oil & Copper) & Macro Outlook

The Trump administration claims that the April ceasefire ended the war with Iran, pausing the authorization clock for 60 days, and that before the May 1 deadline it can be exempt from congressional authorization. Experts say the text contains no “pause-the-clock” mechanism, and the dispute remains; Collins and other Republicans also voted in favor, showing that this interpretation faces challenges. If a court or Congress accepts it, future presidents may be able to use a ceasefire to end hostilities and evade authorization. Oil prices remain elevated, the Japanese yen is strengthening, and geopolitical risks in the Middle East have not been resolved.

According to Reuters and Axios, on May 1, the Hormuz Strait blockade entered its third month amid escalating U.S.-Iran tensions. Iranian Revolutionary Guards officials warned that any new U.S. military strikes, regardless of scale, would trigger "long and painful" attacks on American military

On April 29, stablecoin management platform Stable Sea integrated WisdomTree's tokenized U.S. Treasury money market fund (WTGXX) into its platform, enabling corporate clients to deploy idle operating cash into yield-bearing government securities on blockchain infrastructure. As of April 28, WTGXX

Geopolitical supply disruptions and synchronized central bank hawkishness are sustaining elevated energy prices and inflation pressures across global markets. WTI crude oil remains firmly above the $100 threshold at approximately $101.45, driven by ongoing US naval blockade of Iranian ports and

According to UN Secretary-General António Guterres, on April 30, the continued closure of the Strait of Hormuz would trigger severe economic consequences. If the strait remains closed through mid-year, global economic growth would fall to 2.5%, inflation would rise to 5.4%, 32 million additional peo

According to Odaily, White House National Economic Council Director Hassett stated the administration is considering increasing U.S. oil production soon and will maintain ongoing communication with oil companies to discuss how to boost domestic production.

According to ION Group, ION launched XTP for Event Contracts in late 2025, extending its post-trade platform to support real-time processing of event-based derivatives for futures commission merchants. The platform enables contract creation, event resolution, and settlement continuously, including

According to the Associated Press, on April 30, the Trump administration proposed a plan to reopen the Strait of Hormuz. The U.S. will maintain its blockade of Iranian ports while coordinating with allies to increase pressure on Iran's attempts to disrupt energy flows through the waterway, a senior

Saudi Arabia's economic growth slowed significantly in the first quarter of 2026 following the US-Israeli war with Iran, with GDP expanding just 2.8 percent according to a flash estimate released by the General Authority of Statistics on Thursday, April 30, 2026. This marks a sharp decline from 5 pe

According to the U.S. Department of Commerce, the PCE price index, the Federal Reserve's preferred inflation gauge, rose to 3.5% year-over-year in March, the highest level in nearly three years. The monthly rate increased to 0.7% in March from 0.4% in February, with the annual rate jumping from 2.8%

Hayashi Sanae said on X on 4/30 that she spoke with the Iranian president again and reported that a Japanese oil tanker carrying about 2 million barrels of Saudi oil has safely passed through the Strait of Hormuz; there are still several Japanese ships in the Persian Gulf that have yet to pass. Japan will continue diplomatic mediation, hoping for the U.S.-Iran agreement to be restarted as soon as possible, while facing dual pressures of energy and market risks.

According to The Block, Marathon Digital Holdings (MARA) agreed to acquire Long Ridge Energy & Power from FTAI Infrastructure for $1.5 billion on Thursday (April 29). The deal comprises the assumption of at least $785 million in existing debt, with the remaining balance paid in cash and backstopped

A Middle East storm pushed Brent crude oil to $115 per barrel. Trump rejected Iran’s ceasefire request and plans to blockade the Strait of Hormuz. Bitcoin fell below $76,000—how will geopolitical risk impact the crypto market?

ASEAN Economic Ministers Agree on Trade and Energy Measures The economic ministers of the Association of Southeast Asian Nations (ASEAN) agreed on Thursday, April 30, to strengthen existing free trade agreements and ratify a regional petrol security deal amid the ongoing conflict in the Middle

Gate News: According to Gate’s official announcement, the Gate contract commodities section will launch BZ (Brent crude oil) and CL (WTI crude oil) perpetual contracts spot trading on April 30, 2026 at 15:30 (UTC+8), with USDT settlement. It supports 1x to 100x long and short operations, and the leverage ratio can be selected by users when placing an order. The BZUSDT perpetual contract is the trading code for Brent crude oil, representing 1 barrel of crude oil priced in dollars; the CLUSDT perpetual contract is the trading code for West Texas Intermediate (WTI) crude oil, also representing 1 barrel of crude oil priced in dollars.

According to BlockBeats and Hyperinsight monitoring, on April 30, Trade.xyz's traditional asset perpetual contracts deployed via the HIP-3 protocol on Hyperliquid recovered to recent highs, with open interest reaching $21.56 billion and accounting for over 90% of the HIP-3 market's total share.

According to Lookonchain, a whale deposited 11.94 million USDC to Hyperliquid and increased its WTI crude oil (West Texas Intermediate crude oil) long position. The address now holds 383,000 WTI crude oil long contracts worth 41.49 million

According to BlockBeats, on April 30, Hyperliquid early contributor Loracle increased short positions in WTI crude oil by approximately 3.5 million WTIOIL tokens worth $3.85 million, bringing total WTI short holdings to $15 million at an average price

According to Gate data, WTI crude oil hit $111 per barrel today (April 30), up 0.74% intraday. Brent crude rose above $112 per barrel, gaining over 1% during the same period.

According to CoinDesk, tokenized U.S. Treasury bonds on XRP Ledger have surged to approximately $418 million over the past year, up eightfold from around $50 million, according to evernorth xrp data.