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
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Launch
CandyDrop
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
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
#USEndsLatestStrikesOnIran
The Night the Gulf Caught Fire: What CENTCOM's 90-Minute Barrage Means for the Middle East
The Persian Gulf hasn't seen a night like this in years. At 9 p.m. Eastern Time on July 15, U.S. Central Command wrapped up a sustained 90-minute aerial assault on Iranian military targets—an operation that sent shockwaves through an already brittle region and raised the specter of a wider conflagration that Washington and Tehran have been dancing around for months.
The strikes weren't random. CENTCOM's target list reads like a blueprint for neutralizing Iran's ability to project power: command centers, air defense batteries, missile and drone facilities, and coastal surveillance systems. The southern port city of Bandar Abbas—Iran's principal naval hub overlooking the Strait of Hormuz—took a pounding. So did Greater Tunb Island, one of three contested islands guarding the waterway's entrance.
This wasn't a warning shot. It was a calculated dismantling.
The Ultimatum
President Trump didn't mince words. In remarks that echoed with the blunt force his supporters admire and critics dread, he laid out the next phase in stark terms: "We're going to hit them very hard tonight. We're going to hit them hard tomorrow night. We're going to hit them really hard the night after."
Then came the kicker. "Next week it gets really bad for them because next week comes the power plants. Next week comes the bridges. We're going to knock out all their power plants. We're going to knock out all their bridges unless they get to the table and negotiate."
The message was unmistakable: negotiate, or watch your civilization's arteries get severed one by one.
Iran's Answer
Tehran didn't wait for the translation. Within hours, Iranian forces launched retaliatory strikes against U.S. military assets in Bahrain and Kuwait—targets that represent the backbone of American power projection in the Gulf. The Islamic Revolutionary Guard Corps claimed hits on radar installations, communications systems, and fuel depots. Jordan's al-Azraq airbase reportedly took fire as well.
The pattern is familiar now. Washington strikes military targets. Tehran responds by hitting American bases in host nations—calculated to raise the political cost for Gulf monarchies that provide the U.S. with staging grounds. It's a dangerous game of escalation management, and the margin for error is shrinking.
What This Means
The Strait of Hormuz—a chokepoint through which roughly one-fifth of global oil shipments pass—has become the focal point of a conflict that threatens to redraw the region's security architecture. Trump's decision to abandon a proposed 20% transit fee in favor of direct military pressure suggests a strategic pivot: less economic leverage, more kinetic force.
For Iran, the calculus is equally fraught. The regime faces a choice between absorbing humiliating strikes that degrade its military capabilities or risking a broader war that could threaten its very survival. The retaliatory strikes on Bahrain and Kuwait signal that Tehran isn't backing down—but they also reveal the limits of Iran's options when facing American air superiority.
We're watching two powers locked in a spiral neither seems able to escape. The 90-minute barrage on July 15 wasn't an endpoint—it was a waypoint. Trump's threat to target power plants and bridges next week represents a qualitative escalation that would move from military infrastructure to the sinews of Iranian civilian life.
The Gulf monarchies are caught in the middle. Bahrain and Kuwait—both hosts to significant U.S. military presence—are now absorbing Iranian retaliation for decisions they didn't fully control. The regional security order built over decades is showing cracks under the strain.
For markets, for policymakers, for anyone watching the world's energy arteries, the message is clear: the Middle East's frozen conflict has thawed, and the meltwater is rising fast. The next week will determine whether this becomes a managed crisis or something far more dangerous.
The night of July 15 will be remembered as either a turning point toward negotiation—or the moment the dam broke.