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794 Oil shorts on Hyperliquid get wiped out as crude surges 30% on Iran escalation

CoinDesk
Shaurya Malwa @ CoinDesk · 03/09/2026 00:54 EDT

Oil shorts on Hyperliquid get wiped out as crude surges 30% on Iran escalation

Tokenized crude oil futures saw their largest liquidation event on crypto venues as the conflict expanded to Saudi Arabia and Gulf oil production collapsed.

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