Pay with

USD

Supports Visa, Mastercard, SEPA & more

Flexible trading, zero fees

Use your crypto for payments worldwide

Grow your wealth in fiat investment

Basic

Trade crypto freely

Magnify your profit with leverage

Convert & Auto-Invest

Trade any size with no fees and no slippage

Get exposure to leveraged positions simply

Pre-Market Trading

Trade new tokens before listing

Advanced

Trade on-chain with Gate Wallet

Smart access to new on-chain tokens

Smart strategies with automated trading

Follow expert trading strategies

CrossEx Trading

One margin balance, shared across platforms

Access hundreds of perpetual contracts

One platform for global traditional assets

Trade European-style vanilla options

Unified Account

Maximize your capital efficiency

Introduction to Futures Trading

Learn the basics of futures trading

Join events to earn rewards

Use virtual funds to practice risk-free trading

Launch

Collect candies to earn airdrops

Quick staking, earn potential new tokens

Hold GT and get massive airdrops for free

Unlock full access to global stock IPOs

Trade on-chain assets and earn airdrops

Earn futures points and claim airdrop rewards

Investment

Earn interest with idle tokens

Auto-invest on a regular basis

Dual Investment

Profit from market volatility

Earn rewards with flexible staking

Pledge one crypto to borrow another

One-stop lending hub

Premium wealth growth plans

Private Wealth Management

Premium asset allocation

Top-tier quant strategies

Stake cryptos to earn in PoS products

No-liquidation leverage

Mint GUSD for RWA returns

Post, share, and explore crypto trends

Live crypto market analysis

Chat with crypto traders

What is happening in crypto

More

Promotions

Activity Center

Participate in activities to earn rewards

Invite friends to earn referral rewards

Affiliate Program

Earn exclusive commission rewards

Grow influence and earn airdrops

Real-time platform updates

Crypto industry articles

Huge fee discounts

Asset Management

One‑stop asset management solution

Enterprise digital asset solutions

Developers (API)

Connects to the Gate application ecosystem

OTC Bank Transfer

Deposit and withdraw fiat

Generous API rebate mechanisms

AI

Your all-in-one conversational AI partner

Use Gate AI directly in your social App

Gate Blue Lobster, ready to go

Gate for AI Agent

AI infrastructure, Gate MCP, Skills, and CLI

Gate Skills Hub

From office tasks to trading, the all-in-one skill hub makes AI even more useful.

Smartly choose from 40+ AI models, with 0% extra fees

Others

Find FAQs and help guides

Learn about crypto investing

Grow with the champions

Proof of Reserves

Gate promises 100% proof of reserves

Keep your assets secure

Energy Crisis Warning: Strait of Hormuz Closure Reduces Gulf Output by 11M Barrels Daily

GateNews

2026-05-20 13:02:10

According to WoodMackenzie report released on May 20, the long-term closure of the Strait of Hormuz has reduced Gulf crude and condensate output by over 11 million barrels per day, with more than 80 million tons of liquefied natural gas supply per year—roughly 20% of global supply—unable to reach global markets. The energy consultancy identified three scenarios with different timelines for conflict resolution and strait reopening, each assessing impacts on oil and gas supplies, prices, energy demand, and broader economic growth. Peter Martin, the company's chief economist, stated that prolonged closure would extend far beyond an energy crisis, with longer disruptions having escalating effects on energy prices, industrial activity, trade flows, and global economic growth.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

Saudi Arabia's Crude Oil Refining Falls 746k bpd to 2.266M bpd in March

Saudi Arabia Crude Oil Production Falls to 6.967M Barrels/Day in March, Down 3.915M Barrels/Day

Nigeria's Oil Output Reaches 1.6M Barrels/Day in April, Up 20-30M bpd Expected by Year-End

Citigroup Warns Strait of Hormuz Closure Through Early 2027 Could Trigger 1970s-Style Oil Crisis

Only Two LNG Tankers Transit Strait of Hormuz Today; Qatar Says Normal Shipping Not Resumed

In-Depth Analysis

FAO Warns Strait of Hormuz Closure Could Trigger Food Price Crisis

Crypto Frontier55m ago

Middle East geopolitical conflict escalates: oil prices break above $110, and Bitcoin falls below $77k

Gate Instant Trends8h ago

UK Permits Imports of Third-Country Refined Russian Oil Products

Crypto Frontier14h ago

Comment

0/400

No comments