WTI Crude Falls 15.8% Since Trump Announces Iran Peace Deal; Whale Shorts $3.45M in Gains on June 17

According to Hyperinsight, WTI crude oil has declined 15.8% from its peak since June 12, when Trump announced he would cancel strikes on Iran and sign a peace agreement. On June 17, WTIOIL on Hyperliquid fell below $75, currently trading at $74.92, as markets anticipate the reopening of the Strait of Hormuz following further disclosure of U.S.-Iran agreement details.

A whale on Hyperliquid opened a short position with 20x leverage on 421,390 WTIOIL on June 12 at an average entry price of $83.10, with a notional position value of approximately $31.57 million. The position has generated $3.45 million in unrealized gains, reflecting a 200% return, making it the largest short on the platform. Since the U.S.-Iran conflict began on February 28, crude prices have retraced 87.7% of their wartime gains.