Trump Announces Extension of Ceasefire, Oil Market Sees $430 Million Short Bets

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On April 23, according to Reuters, just 15 minutes before U.S. President Trump announced the extension of the ceasefire with Iran on Tuesday, traders made a series of bets anticipating a drop in crude oil prices, totaling $430 million. This marks the third time this month and the fourth time so far that significant and timely directional bets against oil prices have emerged ahead of important announcements regarding the Iran conflict. A comprehensive bet worth $500 million was made in March, while the total amount of bets in April has reached approximately $2.1 billion. According to data from the London Stock Exchange Group (LSEG), during a two-minute window from 7:54 PM to 7:56 PM GMT on Tuesday, the oil market saw an influx of 4,260 sell orders, amounting to a total value of $430 million based on the then-current Brent crude futures price LCOc1. Trump stated at 8:10 PM that the ceasefire would be extended indefinitely. These trades occurred after hours, a period typically characterized by very limited trading volume. (Dongxin News Agency)

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