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Traders Bet $430 Million on Oil Price Drop 15 Minutes Before Trump Announces Ceasefire
On April 22, just 15 minutes before U.S. President Trump announced the extension of the ceasefire agreement with Iran, traders placed a $430 million bet on a decline in oil prices. This marks the third instance this month and the fourth since the conflict began, where traders made large and precise predictive bets on oil prices shortly before significant announcements regarding the Iran conflict. A $500 million bet was made in March, while the total amount of bets in April reached approximately $2.1 billion. On March 23, just 15 minutes before Trump announced the postponement of attacks on Iranian power facilities, traders placed a $500 million bet on a drop in oil prices. Hours before Trump’s announcement of a two-week ceasefire on April 7, bets worth $950 million were made. On April 17, about 20 minutes before the Iranian Foreign Minister announced the opening of the Strait of Hormuz to commercial vessels, traders placed a $760 million bet on a decline in oil prices.