Oil futures surge on Hyperliquid; Trump orders blockade

Oil futures experienced a significant surge on the Hyperliquid platform following President Donald Trump's order for a naval blockade of the Strait of Hormuz. This action, taken after failed nuclear talks with Iran, threatens to exacerbate an already tight global oil market, potentially leading to an unprecedented supply shock. WTI and Brent crude futures saw substantial gains, with notable trading volume on Hyperliquid, highlighting the growing use of decentralized platforms for price discovery, especially during traditional market disruptions. The situation raises concerns about increased inflation, broader market volatility, and negative pressure on risk assets like Bitcoin.