On April 3, the United States and Israel launched strikes against Iranian infrastructure, triggering market concerns about disruptions to energy supplies in the Middle East. As a result, international oil prices surged, with WTI crude oil rising nearly 15% intraday, and the settlement price breaking through $110 for the first time since 2022; spot Brent crude oil prices also broke through the $140 mark, reaching a new high since 2008. According to CoinGlass data, activity in oil-related derivatives increased significantly, with XTI contract trading volume increasing by approximately 79.24% to $28.73 million and open interest rising by approximately 4.37% to $20.76 million. Specifically, Gate.com ranked first globally in XTI contract trading volume (approximately $21.24 million) and number of trades (approximately 74,500), and second globally in XTI contract open interest ($9.1 million). Gate Contracts has taken the lead in crude oil, pioneering the commodity contract sector, covering XBRUSDT (Brent crude oil) and WTIUSDT (WTI crude oil) perpetual contract trading, providing 24/7 trading, USDT settlement and up to 100x leverage, helping users to conduct cross-market asset allocation and strategy deployment in volatile market conditions.