Whether the Strait of Hormuz is open or not is uncertain, but some people's wallets definitely opened early.

ME News Report: After Trump announced the Strait of Hormuz would remain open, the crude oil market saw large short positions. On April 17, short positions exceeding $760 million were established, and within minutes of the announcement, oil prices fell over 10%. Short positions of $950 million were established before and after the ceasefire on April 7. A $500 million short was established on March 23 before delaying strikes on Iran's energy infrastructure. The CFTC has launched an investigation into the trading activities on March 23 and April 7.