When the Strait of Hormuz opens, oil prices immediately drop by 5 points; geopolitical games are more exciting than K-line charts.

CryptoWorld reports that crude oil continues to fall. A Hyperliquid whale opened a short position of approximately $19.8 million today, after Trump said that a peace agreement with Iran could be signed as early as this weekend. The core terms include reopening the Strait of Hormuz and canceling toll fees. WTI is down 5.45%, and Brent is down 5.5%. The whale opened 235.2k WTI short contracts with 20x leverage at an average price of $84.97, making it the second-largest WTI short position. Another whale holds total positions across the two major contracts of about $70 million, with an unrealized profit of approximately $5.9 million.