PANews reported on March 22 that US President Trump issued a 48-hour ultimatum to Iran, demanding that Iran unconditionally open the Strait of Hormuz within a specified time, or he would destroy all kinds of power plants in Iran. This move has triggered concerns in the global market about crude oil supply and directly pushed up international crude oil prices.

Possibly influenced by the recent oil price surge, on-chain data monitoring shows that Sky's co-founder Rune's leveraged positions in crude oil and stock indices have all turned profitable. Specifically, the 20x leveraged long position in WTI crude oil futures (CL) and the 7x leveraged long position in Brent crude oil have successfully reversed losses and are currently showing floating profits of approximately $155,000 and $130,000 respectively, for a total floating profit of $285,000.