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Traders bet $430 million on falling oil prices 15 minutes before Trump announced a ceasefire
Gold Finance reports that on April 22nd, just 15 minutes before U.S. President Trump announced he would extend the ceasefire agreement with Iran, traders bet $430 million on falling oil prices.
This is the third time this month and the fourth since the conflict began that traders have made large-scale and precise predictive bets on oil prices ahead of major announcements related to the Iran war.
In March, such bets were worth $500 million, and the total bets in April reached approximately $2.1 billion.
On March 23rd, just 15 minutes before Trump announced delaying an attack on Iranian power facilities, traders bet $500 million that oil prices would fall.
A few hours before Trump announced a two-week ceasefire agreement on April 7th, bets worth $950 million were executed.
On April 17th, just about 20 minutes before Iran’s foreign minister announced that the Strait of Hormuz would be open to commercial ships, traders bet $760 million on falling oil prices.