Hyperliquid oil-pegged futures surge over 5% as US and Israel launch strikes against Iran
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The HIP-3 oil price-pegged perpetual futures on the Hyperliquid decentralized exchange surged by over 5%, driven by joint missile strikes by the United States and Israel against Iran, which sparked concerns over supply shocks. Gold and silver perpetual futures also saw increases. Iran is not only a major oil producer but may also pose a maritime threat to the Strait of Hormuz, a critical global oil supply route.
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