Data from decentralized derivatives platform Hyperliquid shows oil prices rose from $95 to $113.7 per barrel shortly after US futures markets opened, as Iraq warned that roughly 3 million barrels per day of production could be disrupted due to Iranian threats against tankers in the Strait of Hormuz. The price of oil rose more than 30% last week after the US and Israel struck Iran, leading the war-torn nation to counterstrike against several of its Middle Eastern neighbors. Despite the boom in oil prices, Trump expects the rapid rise in oil prices to be short-lived:
Author: Cointelegraph by Brayden Lindrea
Published at: 2026-03-08 23:33:53
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