WTI Crude Drops 15.8% After Trump Announces Iran Peace Plan; Whale Earns $3.45M in Short Profit

MarsBit

Release Time: 06/17/2026 05:34:48

Summary

On-chain data shows WTI crude fell 15.8% after Trump canceled the Iran strike and announced a peace plan for June 12. As details of the U.S.-Iran deal emerge and shipping expectations rise, WTI dropped below $75 today. On Hyperliquid, WTIOIL is trading at $74.92. Since the U.S.-Iran conflict began on February 28, oil prices have erased 87.7% of their gains. On-chain analysis reveals a whale opened a 20x leveraged short position on June 12, covering 421,390 contracts with a value of $31.57 million. The position now holds a $3.45 million profit—a 200% return—making it the largest short on the platform.

Huo Xing Cai Jing reports that, according to Hyperinsight monitoring, since the early hours of June 12, when Trump canceled strikes against Iran and explicitly indicated plans to sign a peace agreement, WTI crude oil has declined 15.8% from its peak. Recently, as details of the U.S.-Iran agreement have been gradually disclosed and market expectations for the reopening of the Strait of Hormuz have risen, WTI crude oil has once again fallen below $75 today. WTIOIL on Hyperliquid is currently trading at $74.92; since the official start of U.S.-Iran hostilities on February 28, oil prices have retraced 87.7% of their prior gains. A whale on Hyperliquid opened a short position on June 12, shorting 421,390 WTIOIL contracts with 20x leverage, worth approximately $31.57 million. The position now has an unrealized profit of $3.45 million, a return rate of about 200%, with an average entry price of $83.10, making it the largest short position on the platform for WTIOIL. Address: 0x9e8b1e51c642f4c8b87c6ba11c53d516a218afc4

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