Commodities (Crude Oil & Copper) & Macro Outlook

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.

According to the Federal Reserve's latest decision yesterday (April 29), the Fed kept interest rates unchanged but shifted its inflation language from "somewhat high" to "high," signaling that interest rate cuts expected later this year may be delayed. Fed Chair Jerome Powell noted that rising energ

According to Onchain Lens, a FalconX-linked wallet (0xEbE) deposited 11.94 million USDC into HyperLiquid on April 30 and increased its 20x crude oil (CL) long position to 202,000 CL, worth $21.6 million.

According to Cointelegraph, financial management startup Stable Sea integrated WisdomTree's tokenized U.S. Treasury money market fund WTGXX into its platform on April 30. The fund, which primarily invests in short-term U.S. Treasury securities, had total assets

On April 30, Iran's Parliament Speaker Mohammad Baqer Qalibaf stated on X that U.S. government policies have driven oil prices above $120. He criticized what he described as "garbage advice" on oil market strategy and indicated that the next target price

According to The Block, on April 29, Bitcoin held near $76,100 as U.S. spot bitcoin ETFs posted a third consecutive day of net outflows totaling $138 million, with spot ether ETFs losing an additional $87.7 million. The decline reflects investor caution following the Federal Reserve's decision to ho

According to Bloomberg, the Federal Reserve updated its inflation assessment today, describing price pressures as 'elevated' rather than 'slightly high' in its latest statement. The central bank attributed the shift partly to the impact of global energy prices.