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15 minutes before Trump announced the ceasefire, traders bet $430 million on falling oil prices
ME News report, April 22 (UTC+8), according to Jintou Data: 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 time since the conflict began, that traders made large-scale and highly accurate predictive bets on oil prices shortly before major announcements related to the Iran war. The bet made in March was worth $500 million, and the total bets in April reached approximately $2.1 billion.
On March 23, just 15 minutes before Trump announced a delay in an attack on Iran’s power facilities, traders made a $500 million bet that oil prices would fall. A few hours before Trump announced a two-week ceasefire agreement on April 7, bets totaling $950 million were executed. On April 17, about 20 minutes before Iran’s foreign minister announced that the Strait of Hormuz would be opened to commercial vessels, traders bet $760 million that oil prices would fall. (Source: PANews)