Oil-linked futures on Hyperliquid surge 5% after U.S.-Israel strike on Iran

CoinDesk

by Omkar Godbole

February 28, 2026

AI-Generated Deep Dive Summary

Oil-linked futures on Hyperliquid’s HIP-3 platform saw significant gains following U.S. and Israeli missile strikes on Iran, as fears of supply disruptions resurged in global markets. The attacks in Tehran and other cities triggered a 5% surge in oil prices, with contracts like Oil-USDH climbing to $71.26 and USOIL-USDH surpassing $86.00. These moves highlighted the impact of geopolitical tensions on energy markets, particularly as Iran’s control over critical shipping lanes through the Strait of Hormuz remains a major concern. The strikes also led to retaliatory actions by Iran, targeting U.S. airbases in the region. The situation underscores the role of decentralized finance (DeFi) platforms like Hyperliquid, which provide 24/7 trading capabilities even when traditional markets are closed. This allows traders to respond swiftly to breaking news and adjust their positions accordingly. The surge in oil prices reflects broader concerns about global energy security and inflationary pressures, as higher oil costs could complicate central banks' efforts to manage economic growth and monetary policy. For crypto enthusiasts, the incident highlights DeFi’s ability to operate independently of traditional market hours, offering a unique opportunity for investors to navigate volatile events in real-time. Additionally,

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Originally published on CoinDesk on 2/28/2026