Binance, the world’s largest crypto exchange, by trading volume, announced three new USDT-margined perpetual contracts Monday: CLUSDT for West Texas Intermediate (WTI) crude oil, BZUSDT for Brent crude, and NATGASUSDT for natural gas. All three go live on April 1 on a staggered schedule beginning at 09:00 UTC. Each contract carries a maximum leverage of 100x.

The timing is deliberate. Global energy markets have been swinging hard since late February, when U.S. and Israeli forces launched coordinated airstrikes on Iran under Operation Epic Fury and Operation Roaring Lion. The strikes killed Supreme Leader Ali Khamenei and set off a cascade of events that reshuffled energy markets worldwide.

Iran’s response centered on the Strait of Hormuz. Around March 4, the country moved to restrict passage through the strait, a chokepoint that handles roughly 20% of global oil and liquefied natural gas flows. Shipping traffic collapsed. Brent crude climbed from pre-conflict levels near $70 to $80 per barrel to peaks well above $100. Goldman Sachs pegged the Hormuz disruption risk premium alone at approximately $14 per barrel.

Binance’s new contracts land directly inside that volatility. The CLUSDT and BZUSDT contracts each represent 1,000 barrels of crude oil. NATGASUSDT represents 10,000 MMBtu of natural gas. All three are perpetual, meaning no expiration date, settled in USDT, with funding fees processed every eight hours.

The contracts give crypto-native traders direct exposure to energy price moves without a traditional brokerage account, commodity exchange membership, or any concern about physical delivery. Traders can go long or short, 24 hours a day, seven days a week, something NYMEX and ICE cannot offer.

This is the second wave of Binance’s push into traditional commodity markets. In January 2026, the exchange launched perpetual contracts for gold (XAUUSDT) and silver (XAGUSDT), also USDT-settled. The metals launch drew strong early volume. Oil and gas are a logical next step, particularly with geopolitical risk running as hot as it currently is. Additionally, competitors like the decentralized perps exchange Hyperliquid have already moved into this territory.

As of the last days of March, the conflict between the U.S. and Iran remains quite active, but some reports show early de-escalation signals. Limited ship passages through Hormuz have resumed, but are paying an Iranian fee. For traders, the appeal of 100x leverage is obvious. A 1% move in WTI crude, amplified 100 times, produces returns that a spot position cannot match. Binance markets these contracts to traders looking to speculate or hedge energy exposure without leaving the platform.

The risk profile is equally clear. At 100x leverage, a 1% adverse move in the underlying commodity is enough to trigger liquidation. Perpetual contracts in trending markets also carry funding rate costs that compound over time. Energy commodities respond to macro events, U.S. strategic petroleum reserve releases, OPEC output decisions, weather patterns affecting natural gas demand, that move prices in ways no leverage ratio can insulate against.

Standard Binance Futures account requirements apply: KYC verification, regional availability restrictions, and maker/taker fee structures consistent with existing perpetual contracts. Full contract specifications will be visible in the trading interface after each staggered launch window opens April 1.

Global economists have flagged the Iran conflict as a potential source of stagflation, higher energy-driven inflation alongside slower growth, particularly in Asia, where fuel and supply-chain costs hit hardest. The Fed has held rates at 3.5% to 3.75% and is not expected to cut soon, given the oil shock dynamics. U.S. gasoline prices have climbed between 7.5 and more than 30 cents per gallon since hostilities began.

In this environment, Binance aims to be positioned well in order to capture trader interest regardless of which direction prices move next. The contracts launch Tuesday morning. The war, and the volatility it generates, continues.

• What energy commodities can I trade on Binance Futures starting April 1? Binance is launching perpetual contracts for WTI crude oil (CLUSDT), Brent crude oil (BZUSDT), and natural gas (NATGASUSDT), all settled in USDT.
• How much leverage is available on Binance’s new oil futures? All three energy perpetual contracts offer up to 100x leverage, consistent with Binance’s high- leverage commodity offerings.
• Why is Binance launching oil and gas futures now? The launch follows heightened energy market volatility tied to the ongoing U.S.-Iran conflict and Strait of Hormuz disruptions that have pushed crude prices sharply higher in 2026.
• Do I need a traditional brokerage account to trade oil futures on Binance? No — the contracts are accessible directly within the Binance platform to verified users, with no commodity exchange membership or physical delivery required.

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