Post #65284

🚀 Oil Futures Surge as Trump Orders Naval Blockade of Strait of Hormuz Oil futures on Hyperliquid experienced a significant increase following U.S. President Donald Trump's directive to implement a naval blockade of the Strait of Hormuz. According to NS3.AI, West Texas Intermediate (WTI) crude oil perpetual futures surged by 7%, reaching $96.40, while Brent futures rose by 6% to $96. The trading volume for WTI futures hit $1.53 billion, ranking it as the third-most-traded instrument on the platform, following Bitcoin (BTC) and Ethereum (ETH). Emergency reserve releases have been compensating for a daily shortfall of approximately 4.5 to 5 million barrels, but this buffer is approaching its limit. #OilFutures#Trump#NavalBlockade#StraitOfHormuz#WTI#Brent#CrudeOil#EmergencyReserves#Hyperliquid#BTC#ETH