The lifting of the oil embargo between the US and Iran intensifies crude oil volatility, with Bitget BZ contract open interest accounting for 17% of the total market, ranking second globally

Previously, the United States announced a temporary agreement with Iran and lifted a 60-day oil sanction, leading to increased 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 24-hour increase of 0.3%. The competition between bulls and bears has intensified, driving up market attention on related contracts.

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

Currently, Bitget has fully deepened its integration with the Universal Exchange (UEX) ecosystem, covering diversified assets such as U.S. stocks, CFDs, and cryptocurrencies.