Українська
Русский
English
WTI Oil Futures Jump 2.7% After Trump’s Threats Toward Iran as Bitcoin Reaches $69,000
On Easter Sunday, Donald Trump posted a message on Truth Social filled with strong language, demanding that Iran reopen the Strait of Hormuz or face military strikes by Tuesday. This triggered volatility across commodity and equity markets ahead of the trading week starting April 6. While stock futures declined and oil prices surged on geopolitical concerns, the cryptocurrency market moved in the opposite direction.
Key takeaways:
- On April 5, Donald Trump threatened Iran via Truth Social, warning of strikes if the Strait of Hormuz blockade continues.
- May 2026 WTI futures rose 2.7% to $114.59, while Nasdaq-100 futures fell 0.65% to 24,061.75.
- Open interest in the XYZ:CL perpetual contract on Hyperliquid reached $593 million as DeFi traders priced in geopolitical risks around the clock.
Oil futures surge after Trump’s Easter Sunday warning on the Strait of Hormuz
In his post addressed to Iranian leadership, Donald Trump warned that power plants and bridges could be targeted, ending the message with “Praise be to Allah.” This followed reports that a U.S. military pilot had been rescued after being shot down by Iranian forces amid escalating tensions in the Persian Gulf.
Oil markets reacted immediately, without waiting for Monday’s opening.
May 2026 WTI futures on CME Globex traded Sunday around 18:50 ET in a range of $114.42–114.59 per barrel, up $2.88–3.05 (≈2.6–2.7%) from the prior settlement of $111.54. The daily range extended from $112.50 to a session high of $115.48.
The 52-week range expanded to approximately $54.98–119.48, reflecting sustained geopolitical pressure on global supply. June 2026 contracts traded near $100.28, confirming a steep contango curve tapering toward $70 by late 2026–early 2027.
U.S. equity index futures showed moderate declines. E-mini S&P 500 traded near 6,583.25 (−0.59%), E-mini Nasdaq-100 dropped 0.65% to 24,061.75, and E-mini Dow hovered near 46,483 (≈−0.5%).
Cash equity markets remained closed due to extended Easter holidays. The last session ended April 2, with April 3 (Good Friday) observed as a holiday.
Hyper-liquid markets react amid crypto growth
Decentralized markets offered their own reaction. On Hyperliquid, the XYZ:CL perpetual contract traded between $112.56 and $113.63, with open interest of $575–593 million. Daily volume ranged from $156 to $237 million, while funding rates were slightly negative.
These contracts offer up to 20x leverage, settle in USDC, and trade 24/7, allowing traders to react to energy price movements even when traditional markets are inactive.
Image source: Hyperliquid, Sunday, 7:30 PM ET.
Brent crude followed WTI higher. The XYZ:BRENTOIL perpetual contract traded between $109.85 and $110.31, with $47–60 million in 24-hour volume and about $557 million in open interest.
Meanwhile, total crypto market capitalization rose to $2.35 trillion (+1.13%), as traders rotated into decentralized assets during the weekend.
As of 7:30 PM ET, Bitcoin traded at $69,009 (+2.11% daily, +4.06% weekly), maintaining its role as a dominant store of value while Wall Street futures declined. Ethereum rose 2.95% to $2,118 (+6.26% weekly), outperforming Bitcoin. XRP gained 2.21% to $1.32, and BNB rose 1.79% to $602.
Overnight developments, including any new statements from the White House or Iran, are likely to set the tone for Monday’s market open across energy, equities, and DeFi sectors. Traders tracking WTI should monitor both CME sessions and the continuous liquidity on Hyperliquid.
See also: "XRP Tokyo 2026: Japan Prepares for a Large-Scale Blockchain Transition"
