Oil-linked futures on Hyperliquid's HIP-3 surged 5% following U.S. and Israeli strikes on Iran, which heightened concerns over potential supply disruptions. The attack on Iran's oil infrastructure has triggered volatility in energy-linked crypto derivatives, reflecting geopolitical tensions' impact on financial markets. Investors are closely monitoring regional developments for further shocks to oil markets. This surge highlights the growing integration of traditional commodities and crypto derivatives trading.