15 minutes before Trump announced the ceasefire, traders bet $430 million on falling oil prices

ME News reports, on April 22 (UTC+8), citing Jintou Data, that just 15 minutes before U.S. President Trump said he would extend the ceasefire agreement with Iran, traders placed a $430 million bet that oil prices would fall. This was the third time this month, and the fourth since the conflict began, that traders made large-scale and precise predictive bets on oil prices shortly before major announcements related to the Iran war. The bet made in March was worth $500 million, while the total bets placed in April reached approximately $2.1 billion. On March 23, just 15 minutes before Trump announced a delay to an attack on Iranian power facilities, traders placed a $500 million bet that oil prices would fall. Hours before Trump announced a two-week ceasefire agreement on April 7, bets worth $950 million were executed. On April 17, just about 20 minutes before Iran’s foreign minister announced that the Strait of Hormuz would be opened to commercial vessels, traders bet $760 million on oil prices falling. (Source: PANews)