Woofun AI reports that Brent Crude Oil prices rose 9.59% to close at $83.30 on July 13, driven by escalated U.S.-Iran tensions and a resumed naval blockade on Iranian shipping. This geopolitical development heightened supply disruption risks in the Strait of Hormuz.

On-chain data reveals a whale address starting with 0xdcc liquidated a short position of 18,452.29 BRENTOIL contracts, valued at approximately $1.56 million. The position was opened at $82.348 and liquidated twice as prices climbed to $84.4. This loss of roughly $38,100 nearly offset earlier profits of $39,200 from a long position closed just 29 minutes prior.