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

Traders who had taken short positions on Hyperliquid in the oil market faced significant losses as crude oil prices experienced a dramatic surge of 30%. This sharp increase can be attributed to escalating tensions involving Iran, which have heightened concerns over global oil supply and market stability, leading to a rapid reversal of fortunes for those betting against the oil market. source: https://www.coindesk.com/markets/2026/03/09/oil-shorts-on-hyperliquid-get-wiped-out-as-crude-surges-30-on-iran-escalation-triggering-usd40-million-in-liquidations