Sky co-founder has opened a $5.89 million long position in crude oil on the Hyperliquid platform, amid rising international oil prices due to the conflict in Iran. The position includes $5.71 million in WTI crude at $92.08 and $180,000 in Brent crude at $92.16. This move follows a deposit of 4.01 million USDC, signaling a strong bet on further price increases.