Oil Futures Surge on Hyperliquid Following US-Israel Strikes on Iran

Decentralized exchange Hyperliquid has seen a significant spike in oil-linked perpetual futures prices in the wake of joint missile strikes by the United States and Israel on Iran.

The Oil-USDH perpetual contract surged by over 5% to $71.26, while another contract, USOIL-USDH, climbed above $86.00. Combined trading volume for these contracts neared $4 million, with nominal open interest exceeding $5 million.

Gold and silver contracts also experienced an increase due to heightened safe-haven demand.

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