Futures
Hundreds of contracts settled in USDT or BTC
TradFi
Gold
Trade global traditional assets with USDT in one place
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Participate in events to win generous rewards
Demo Trading
Use virtual funds to experience risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and enjoy airdrop rewards!
Futures Points
Earn futures points and claim airdrop rewards
Investment
Simple Earn
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Soft Staking
Earn rewards with flexible staking
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-stop lending hub
VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
Stake cryptos to earn in PoS products
Smart Leverage
New
No forced liquidation before maturity, worry-free leveraged gains
GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
Iran denies closing Strait of Hormuz shipping route
Iran has denied reports that it shut down the Strait of Hormuz shipping route as tensions escalate in the ongoing war involving the United States, Israel, and Iran.
The clarification was issued in a statement published on Thursday via the official X account of the Permanent Mission of the Islamic Republic of Iran to the United Nations in New York.
The statement followed widespread speculation that Tehran had closed the critical maritime corridor used for a significant portion of global oil shipments as the regional conflict intensified.
MoreStories
Anambra recovers oil wells from Delta State, expects increase in federal revenue
March 5, 2026
Google introduces Yoruba, Hausa language support for AI search in Nigeria
March 5, 2026
What they are saying
Iran said maritime navigation through the Strait of Hormuz continues in accordance with international law and dismissed reports claiming it had blocked the waterway.
The country’s mission to the United Nations said the allegations misrepresented Iran’s position on freedom of navigation.
According to the statement, threats to maritime security in the region are linked to actions taken by the United States during the ongoing conflict.
**Get up to speed **
Shipping through the Strait of Hormuz slowed significantly after the outbreak of hostilities involving Israel, the United States, and Iran. The waterway carries roughly one-fifth of global oil shipments and large volumes of liquefied natural gas.
U.S. President Donald Trump had earlier signalled that the U.S. Navy could escort vessels through the Strait of Hormuz to ensure global energy supplies are not disrupted.
**More insights **
Tensions further escalated after an Iranian naval vessel was reportedly destroyed in an incident involving U.S. forces in the Indian Ocean. The development has intensified concerns about maritime security across the wider region.
Iran said the vessel was returning from a visit to India when it was struck in international waters, describing the incident as a reckless act that violated international law and freedom of navigation.
**What you should know **
The escalating conflict between the United States, Israel, and Iran is already affecting global energy markets and oil supply infrastructure across the Middle East.
Dangote Petroleum Refinery also raised its ex-depot price by N100 to N874 per litre from N774.
Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.