21 minutes, 70 million dollars, this time window is more precisely timed than DeFi MEV.

As Iran and the U.S. ceasefire negotiations once again reach a stalemate, the oil market suddenly sees a large transaction of nearly $800 million accompanied by a plunge in prices. After 21 minutes, Iran's foreign minister announced that the Strait of Hormuz is fully open to commercial ships, and Trump expressed his thanks. Around 9:10, WTI futures briefly fell below $80 per barrel. The Kobeissi Letter estimates that this transaction made a profit of approximately $70 million in less than an hour.