Oil-linked futures on Hyperliquid surge 5% after U.S.-Israel strike on Iran
Oil-linked perpetual futures on Hyperliquid surged over 5% following coordinated U.S. and Israeli missile strikes on Iran.Summary
Perpetual futures tied to oil prices on the decentralized exchange Hyperliquid climbed more than 5% after the U.S. and Israel conducted coordinated missile strikes on Iran, a major oil producer, causing explosions across Tehran and other cities. Oil-USDH perpetuals reached $71.26, and USOIL-USDH surpassed $86.00, with significant trading volume and open interest recorded. The strikes, which prompted retaliation from Iran targeting U.S. airbases, heightened fears of supply shocks because Iran controls much of the Strait of Hormuz, a critical artery for global oil and gas transport. This geopolitical risk also caused Bitcoin to sell off temporarily over the weekend, hitting its lowest level since early February, before recovering.
(Source：CoinDesk)