Oil-linked futures on Hyperliquid surge 5% after U.S.-Israel strike on Iran
Analysis
Price Impact
HighThe u.s. and israel strikes on iran have significantly heightened geopolitical tensions. this event is directly linked to concerns about global oil supply disruptions due to iran's role as a major producer and its control over the strait of hormuz. increased oil prices typically correlate with inflation, which can lead central banks to maintain higher interest rates, thereby reducing risk appetite in financial markets. cryptocurrencies, particularly bitcoin, have shown a tendency to react to such macro-economic and geopolitical shocks.
Trustworthiness
HighThe article explicitly links the surge in oil-linked futures to the u.s.-israel strike on iran and mentions that bitcoin also reacted. the reasoning provided about supply shocks, the strait of hormuz, and inflation is a well-established market dynamic.
Price Direction
BearishWhile oil futures surged due to supply fears, the article also notes that bitcoin fell below $64,000. this pattern suggests that initial geopolitical shocks can lead to a risk-off sentiment in the broader market, causing investors to move away from riskier assets like bitcoin, despite its 24/7 liquidity. the potential for sustained inflation and higher interest rates also poses a bearish outlook for risk assets.
Time Effect
ShortThe immediate reaction of bitcoin to sell off during the weekend, when traditional markets are closed, indicates a short-term effect. however, the underlying geopolitical tensions could have longer-term implications if the conflict escalates or supply disruptions persist.
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Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Oil-linked futures on Hyperliquid surge 5% after U.S.-Israel strike on Iran Oil-linked futures on Hyperliquid’s HIP-3 surged after U.S. and Israeli strikes on Iran reignited fears of supply shocks. By Omkar Godbole Feb 28, 2026, 10:15 a.m. Make us preferred on Google Oil futures surge on supply fears. What to know : Perpetual futures tied to oil prices on decentralized exchange Hyperliquid jumped more than 5% after coordinated U.S. and Israeli missile strikes on Iran. Gold and silver perps also rallied. Iran is not only a major oil producer but also poses a potential maritime threat in the Strait of Hormuz — a critical chokepoint for global oil supply. Perpetual futures tied to oil prices trading on decentralized exchange Hyperliquid surged Saturday after the U.S. and Israel launched coordinated missile strikes on Iran, a key oil producer, igniting explosions across Tehran and multiple other cities. Oil-USDH perpetuals climbed more than 5% to $71.26, while another contract, USOIL-USDH, advanced above $86.00. Combined, the two saw nearly $4 million in trading volume and over $5 million in notional open interest, data from Hyperliquid showed. Gold and silver contracts also rose, likely on haven demand as markets reacted to heightened geopolitical risk. Price gains followed after the U.S. and Israel launched a coordinated missile strike on Iran on Saturday, triggering massive explosions across Tehran and several other cities in a dramatic escalation that threatens to push the oil-rich Middle East into prolonged uncertainty. Iran retaliated soon after, targeting multiple U.S. airbases in the region. Iran is not only a major oil producer but also controls much of the Strait of Hormuz , through which more than $500 billion worth of oil and gas passes annually. Its designated shipping lanes fall entirely within the territorial waters of Iran and Oman. Worries have long circulated that an all-out war could see Iran weaponize its control of the strait, potentially sparking a massive global oil surge. Rising oil prices could feed into inflation, making it harder for central banks to cut borrowing costs, prioritize growth, and encourage risk-taking in financial markets. Oil More For You Bitcoin nears $63,000 as U.S. and Israel launch strikes on Iran By Shaurya Malwa | Edited by Nikhilesh De 3 hours ago The drop extends a pattern where bitcoin sells off on geopolitical shocks before recovering, as the token's 24/7 liquidity makes it one of the few large assets traders can exit over the weekend. What to know : Bitcoin fell below $64,000 in Saturday trading, dropping about 3 percent and hitting its lowest level since early February after U.S. and Israeli launched strikes on Iran. The weekend sell-off underscores bitcoin's role as one of the few large, liquid assets available to traders when geopolitical risks spike while stock and bond markets are closed. The attack on Iran heightens the risk of a broader regional conflict in a key economic area, following weeks of U.S. military buildup and stalled nuclear negotiations with Tehran. Read full story Latest Crypto News Bitcoin nears $63,000 as U.S. and Israel launch strikes on Iran 3 hours ago Bitcoin slides to $65,000 in weekend sell-off, with solana, XRP, dogecoin down 6% 5 hours ago U.S. Senate Democrats asked Treasury, DOJ to probe Binance's illicit finance controls 12 hours ago Coinbase’s head of litigation says states are 'gaslighting' on prediction markets 12 hours ago Citi and Morgan Stanley expand bitcoin and crypto custody, trading and tokenization efforts 14 hours ago Bitcoin's rebound cancelled as U.S. stocks fall, gold surges, amid mounting macro risks 17 hours ago Top Stories AI tool catches critical XRP Ledger bug that could have drained wallets 23 hours ago Vitalik Buterin reveals his bold new plan to fix Ethereum’s scaling problem 17 hours ago Bitcoin ETF holders and treasury firms stack protection against price crash below $60,000, Deribit says Feb 27, 2026 The worst may lie ahead. Bitcoin chart revisits historic pattern. 21 hours ago Barclays looks for tech provider for new blockchain settlement engine: Bloomberg 17 hours ago Punters want crypto: UK Gambling Commission explores how to keep bettors on licensed sites 19 hours ago