Oil traders bet millions minutes before Trump's Iran talks post
6 hours ago
- #Insider Trading
- #US-Iran Relations
- #Oil Trading
- Oil traders placed large bets minutes before Trump announced postponement of strikes on Iran.
- Trade volume spiked 15 minutes before Trump's social media post, leading to a 14% drop in oil prices.
- Analysts suspect insider trading as the timing and volume of trades were unusual.
- Trump's announcement led to a sharp rebound in stocks and a dip in oil prices to $84 per barrel.
- Similar suspicious trading patterns were observed in other markets like S&P 500 and Euro Stoxx 50.
- Iran denied any talks with the US, calling the news 'fake' and causing oil prices to rise again.
- This incident follows previous cases where US foreign policy announcements coincided with unusual betting activity.