WTI crude oil prices surged 18% to $108 per barrel, significantly affecting major crypto positions. CBB faced a $3.81 million loss on a short position in crude oil contracts, with a liquidation price of $120.76. Additionally, a large whale experienced over $1.55 million in losses from a liquidated long oil position, subsequently opening a $6.48 million short position. The price increase also led to $3.4 million in unrealized losses for Hyperliquid users who shorted crude oil. Meanwhile, MakerDAO's founder holds a long position with 7x leverage on crude oil, resulting in unrealized profits exceeding $1 million. In related developments, the probability of the UAE striking Iran before March 31 surged to 84% on Polymarket, and Mojtaba Khamenei has been elected as Iran's new Supreme Leader.