Oil futures up 7% on Hyperliquid as Trump orders Naval blockade of Hormuz
CoinDesk
Oil prices surged 7% on Hyperliquid after President Trump ordered a naval blockade of the Strait of Hormuz following failed nuclear talks with Iran.Summary
Oil prices spiked on the Hyperliquid decentralized platform after President Donald Trump ordered a naval blockade of the Strait of Hormuz following failed nuclear negotiations with Iran in Islamabad. WTI crude futures rose to $96.40, marking a 7% increase, as markets reacted to the potential for an unprecedented supply shock. This geopolitical tension arrives as strategic petroleum reserves are reaching depletion limits, threatening a supply gap of up to 11 million barrels per day. Meanwhile, Bitcoin has declined by nearly 3% as investors pull back from risk-sensitive assets amid rising global volatility.
(Source：CoinDesk)