The easing of oil restrictions between the US and Iran intensifies crude price volatility; Bitget BZ contract open interest accounts for 17% of the global total, ranking second worldwide.

Odaily reported that the United States previously announced a temporary agreement with Iran and lifted a 60-day oil embargo, intensifying volatility in the international crude oil market. According to Bitget market data, the price of Brent crude oil (BZ) is approximately $78 per barrel, with a 24h increase of 0.3%. The rising long-short competition in the market has driven increased attention to related contract markets.

According to CoinGlass data, the current total open interest of BZ contracts across the entire network is $73.4659 million. Of this, Bitget's BZ contract open interest is $12.5437 million, ranking second globally with a market share of 17.07%.

At present, Bitget has fully expanded the panoramic exchange (UEX) ecosystem, covering diversified assets such as US stocks, CFDs, and crypto, providing users with a wide range of cross-market asset allocation channels.