Futures
Access hundreds of perpetual contracts
TradFi
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
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Why is Hormuz important? Then let us look at history 👇
The 1956 Suez Crisis was one of the breaking moments that showed the world that Britain’s global imperial power had effectively come to an end.
Since the 19th century, for Britain, the Suez Canal had been one of the most critical imperial arteries extending from the Mediterranean to India and Asia through the Red Sea. After World War II, Britain weakened economically, the colonies began to dissolve, and it lost its former independent power against the U.S. and the USSR. In 1956, when Egyptian leader Gamal Abdel Nasser nationalized the Suez Canal, Britain saw this as both an economic and geopolitical challenge. Upon this, Britain and France made a plan with Israel and intervened in Egypt. Militarily, they achieved a certain success in the first stage, but their political calculations collapsed. Because the U.S. did not support this operation; on the contrary, it put economic and diplomatic pressure and forced London to step back. When the USSR also reacted harshly, Britain found itself no longer as an empire able to establish world order on its own, but as a middle power squeezed between two superpowers. Their having to withdraw showed that the period when Britain could control sea routes and strategic straits as it wished had closed. After this crisis, London gradually gave up its global imperial reflex and turned more toward an Atlantic line dependent on the U.S. and a Europe centered role. In other words, in 1956 Britain did not just lose a prestige war connected to the Red Sea; at Suez, it made the whole world accept that it could not sustain world dominance on its own.
The story is very similar, isn’t it?
The Strait of Hormuz is important enough to determine the course of world history