Tokenized crude oil futures saw their largest liquidation event on crypto venues as the conflict expanded to Saudi Arabia and Gulf oil production collapsed.
Oil shorts on Hyperliquid get wiped out as crude surges 30% on Iran escalation
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AI INSIGHT
Oil shorts on Hyperliquid wiped out after crude surged 30% following Iran escalation; tokenized crude oil futures recorded their largest liquidation event on crypto venues; conflict expanded to Saudi Arabia and Gulf oil production collapsed.
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