JUST IN 🛢️⛽️: Oil futures surged sharply after U.S. President Donald Trump ordered a naval blockade of the Strait of Hormuz, intensifying fears of major supply disruptions.
The decision followed failed nuclear negotiations with Iran and heightened geopolitical tensions in the region.
WTI crude futures rose about 7% to $96.40, while Brent crude increased roughly 7% to $97. Trading activity surged significantly, with WTI volume reaching $1.53 billion, making it one of the most actively traded instruments on the platform alongside major cryptocurrencies.
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