Oil traders placed $580 million in bets 15 minutes before Trump’s Iran talks post, the FT says
Traders placed $580 million in oil bets minutes before Trump announced “productive” Iran talks, with the White House rejecting insider trading claims  Â
Banks are blocking the Strait of Hormuz.
That is completely accurate.
BOTH sides of the Strait... are blocked by "banks"...lol
Archive,
https://archive.ph/EFxlb
Oil traders placed more than half a billion dollars in bets minutes before US President Donald Trump announced “productive” talks with Iran on Monday, the Financial Times has reported.
A burst of activity followed by a sharp price drop has raised questions about possible advance knowledge among market participants.
About 6,200 Brent and WTI futures contracts changed hands between 6:49 AM and 6:50 AM in New York – a one-minute flurry worth $580 million, based on FT calculations using Bloomberg data. Volumes in both benchmarks – Brent and US West Texas Intermediate – spiked simultaneously, about 27 seconds before 6:50 AM, while S&P 500 futures surged shortly after.
The trades came roughly 15 minutes before Trump said on Truth Social there had been “productive conversations” with Tehran to end the war in Iran.
I'm guessing the Iranian traders tiped off their friends or traded directly. Everyone assumes it was us,like the rag heads don't know about the futures market....
Good Lord lol. You think his buddies or admin circle don't inside trade? Both sides do it rampantly.
You think the Iranians don't trade? It's pretty much required for nations that sell oil.
All these statements by Trump are very suspicious and looking like he is going out of his way to make claims to swing markets for someone. Follow the money.
Maybe Pelosi is guiding him.
There's been a lot of sketchy trades in the stock market recently. Futures skyrocketed before Trump made his announcement and today ZeroHedge posted an article saying Iran rejected at 8AM. There were drop offs just before and after in futures.