The post Crude Oil Futures Jump 6% as Iran Closes Strait of Hormuz appeared on BitcoinEthereumNews.com.

Crude oil markets are bracing for extreme volatility after Iran’s navy moved to close the Strait of Hormuz, choking a waterway that handles roughly 20% of global oil flows. The announcement triggered an immediate reaction in on‑chain markets: on Hyperliquid, crude oil futures jumped about 6% within hours as traders rushed to price in the risk of a prolonged supply disruption. Source: HyperLiquid The aggressive move on decentralized derivatives effectively front‑runs the stress that is likely to hit benchmark Brent and WTI contracts once traditional markets fully reopen. Hormuz Shutdown Threatens Global Supply The Strait of Hormuz is the narrow chokepoint linking the Gulf to the Arabian Sea, and it is critical for exports from Saudi Arabia, the UAE, Kuwait, Qatar and Iraq. Any attempt by Iran’s Revolutionary Guards to restrict tanker passage there instantly raises the specter of a global energy shock. Even a partial disruption of traffic could push crude well above recent multi‑month highs, while a multi‑day full closure would risk sending prices into levels that standard risk models struggle to capture. For import‑dependent economies, especially in Asia and Europe, the scenario raises the prospect of higher inflation, weaker growth and renewed pressure on central banks. Oil Futures Jump on War Risk Ahead of the latest escalation, oil had already been grinding higher as markets priced in the possibility of US–Iran confrontation spilling into energy infrastructure. Iran’s move around Hormuz has supercharged that trend. Hyperliquid’s crude futures spiking 6% reflects traders hedging against a potential 10-20 USD gap higher in major benchmarks if no de‑escalation emerges before the next full trading session. In thin weekend liquidity, relatively modest order flow can drive outsized moves, but the direction is clear: the war premium is being rapidly built into forward pricing. On‑chain derivatives thus provide a live barometer of…

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Filed under: News - @ February 28, 2026 6:10 pm