Oil futures up 7% on Hyperliquid as Trump orders Naval blockade of Hormuz
CoinDesk·2h ago·Neutral
What Happened
Oil futures jumped on the Hyperliquid blockchain platform after President Trump ordered a naval blockade of the Strait of Hormuz following Iran's rejection of nuclear negotiations in Islamabad. WTI crude reached $96.40, up 7%, while Brent rose 6% to $96. WTI futures recorded $1.53 billion in trading volume, becoming the third-most-traded instrument on the platform behind Bitcoin and Ethereum.
Key Entities
Donald TrumpStrait of HormuzHyperliquidWTI crude oilBrent crudeIranInternational Energy AgencyBitcoin