Oil Traders Bet Millions Minutes Before Trump Announced Iran Strike Postponement
By
psim1
Slow-proofed and worth the wait. Worth its weight in flour.
Summary
Oil traders placed hundreds of millions of dollars in bets on oil contracts just minutes before President Trump announced the US would postpone strikes against Iranian energy infrastructure. Market data shows trading volume spiked around 15 minutes before Trump's social media post, with oil prices falling sharply after the announcement. The timing suggests some traders may have had advance knowledge of the decision.
Key quotes
· 3 pulledTraders bet hundreds of millions of dollars on oil contracts just minutes before US President Donald Trump announced on Monday that the US would postpone strikes against Iranian energy infrastructure.
Market data reviewed by the BBC shows the volume of trade spiked around fifteen minutes before a social media post by the president announcing the move.
The price of oil fell sharply after the announcement.
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