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Oil futures drop as U.S. pauses plan to reopen Strait of Hormuz amid Iran talks

Market News
05 May 2026
Market Watch
View Source
Bearish
pluang ai news

Crude oil futures fell after U.S. President Donald Trump announced a pause in efforts to partially reopen the Strait of Hormuz. The pause aims to allow more time for negotiations to reach a deal with Iran to end hostilities. Trump described progress as "Great" and said the blockade remains fully in place while the "Project Freedom" movement of ships is temporarily halted. This development impacts oil markets due to the strategic importance of the Strait of Hormuz for global oil shipments.

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Ascentage Pharma CEO Dr. Dajun Yang named No. 3 on The Medicine Maker Power List 2026 for small molecule innovation.

Ascentage Pharma CEO Dr. Dajun Yang named No. 3 on The Medicine Maker Power List 2026 for small molecule innovation.

Dr. Dajun Yang, Chairman and CEO of Ascentage Pharma, was ranked No. 3 on The Medicine Maker Power List 2026 in the Small Molecules category, recognizing his leadership in oncology drug development. Under his guidance, Ascentage Pharma has advanced i...

Market News
Bullish
55 minutes ago
Toescoin engages with Japanese VC for up to $250K support to grow Solana memecoin project

Toescoin engages with Japanese VC for up to $250K support to grow Solana memecoin project

Toescoin, a memecoin on the Solana blockchain, announced talks with a major Japanese venture capital firm interested in investing up to $250,000 over time. This engagement aims to provide both funding and strategic support as Toescoin expands its pre...

Market News
Bullish
4 hours ago
POSCO International pilots real trade receivables tokenization on Injective blockchain, aiming live use by 2026

POSCO International pilots real trade receivables tokenization on Injective blockchain, aiming live use by 2026

POSCO International, South Korea's largest trading company, is piloting the tokenization of real commercial invoices on the Injective blockchain in partnership with LG CNS. This pilot creates a unified, transferable onchain record for trade receivabl...

Protocol Fundamentals
Bullish
4 hours ago
Shiba Inu surges 15% as Bitcoin stabilizes and Zcash, XRP show mixed signals amid crypto volatility.

Shiba Inu surges 15% as Bitcoin stabilizes and Zcash, XRP show mixed signals amid crypto volatility.

Shiba Inu (SHIB) experienced a sharp 15% increase, breaking key resistance levels with strong volume, signaling potential trend reversal if momentum holds. Bitcoin (BTC) stabilized around $64,300, showing signs of healthy accumulation but still faces...

Technical Signals
Neutral
4 hours ago
Bitcoin whales withdraw $198M from Kraken, easing selling pressure and supporting supply conditions.

Bitcoin whales withdraw $198M from Kraken, easing selling pressure and supporting supply conditions.

Nearly 3,080 BTC worth about $198 million were withdrawn from Kraken by large holders, signaling long-term accumulation rather than immediate selling. This move, combined with a sharp rise in Bitcoin's Stock-to-Flow Ratio and reduced selling by miner...

Market News
Bullish
4 hours ago
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