Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
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
Earn
Launch
CandyDrop
tag
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
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

Brent Crude Falls to $98 per Barrel on Friday as Trump Signals Iran Nuclear Deal Progress

GateNews
Commodities

Brent crude futures fell to around $98 per barrel on Friday, erasing gains from the previous trading session. The decline came after U.S. President Trump expressed optimism about a potential deal to end the Iran conflict, stating that Tehran has accepted terms including abandoning nuclear weapons, providing free oil, and reopening the Strait of Hormuz, though Iranian authorities have not confirmed these claims. Trump also announced a 10-day ceasefire between Israel and Lebanon, which Israeli Prime Minister Netanyahu confirmed.

The Strait of Hormuz remains effectively closed due to dual U.S. and Iranian blockades, raising market concerns over further disruptions to global energy flows. International Monetary Fund Executive Director Fatih Birol warned that restoring most of the interrupted oil and gas production could take up to two years.

View Source
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

05-09 05:54
WTI Crude Oil Falls 2% on May 7, Narrowing From Earlier Decline Over 5%
05-09 03:53
WTI Crude Oil Falls to $86 Per Barrel on Tuesday Amid Iran-U.S. Ceasefire Talks
05-09 03:52
Brent Crude Falls to $98/Barrel on Friday as Trump Announces Iran Deal Terms
05-09 03:52
U.S. Gasoline Futures Fall Below $3.60 as Middle East Tensions Ease
05-09 03:52
WTI Crude Plunges 13.3% to $88.66 on Middle East Peace Talks, Recovers to $95
In-Depth Analysis

Geopolitics and the Crypto Market: How the U.S.-Iran Hormuz Strait game is affecting Bitcoin’s price movement

Gate Instant Trends05-09 08:23

Bitcoin Bulls Defend $79,200 as $28.3M in Long Liquidations Resets Risk

Coinpedia05-08 19:20

A U.S.-Iran peace memorandum has been released? Oil prices plunge, U.S. stocks hit new highs, and Bitcoin rises to $82K

ChainNewsAbmedia05-07 00:35
Comment
0/400
No comments