Trump Halts Iran Strikes, Crude Oil Prices Plummet on Hyperliquid
Crude oil prices plummeted on Hyperliquid after US President Donald Trump called off planned attacks against Iran, citing requests from Tehran and other Middle Eastern countries.
The decision to halt the strikes sent shockwaves through global energy markets, with Brent crude dropping to $83 and WTI falling to $81. The 24-hour volume for WTI hit a staggering $181 million, highlighting the intense trading activity in response to Trump's change of heart.
The sudden shift in US policy was sparked by a call from Saudi Arabia's Crown Prince Mohammed bin Salman, who reportedly urged Trump to de-escalate tensions. This development has led some to dub it 'TACO', Trump Always Chickens Out.