Sky Innovation's co-founder Rune has turned losses into gains on leveraged crude oil positions, with total unrealized profits now exceeding $285,000. This comes after U.S. President Trump issued a 48-hour ultimatum to Iran, demanding the opening of the Strait of Hormuz, which led to a spike in international crude oil prices. Rune's 20x leveraged long position in WTI crude oil futures and 7x leveraged long position in Brent Oil have realized profits of approximately $155,000 and $130,000, respectively.