$580M oil trades made minutes before Trump’s key Iran announcement draw scrutiny
NY Post
Over half a billion dollars in oil bets were placed just 15 minutes before President Trump announced Monday he was pausing plans to attack Iranian infrastructure, sending prices plunging.
In a narrow window between 6:49 a.m. and 6:50 a.m. Eastern Time, about 6,200 Brent and West Texas Intermediate crude futures trades were placed — a burst of activity valued at about $580 million, according to the Financial Times.
Around the same time, volumes in S&P 500 futures also spiked, with equity markets beginning to move higher just moments later.
Then at 7:04 a.m., Trump posted on Truth Social that the US had engaged in “productive conversations” with Iran and signaled a pause in planned strikes — a message that caught markets off guard.
Oil prices quickly plunged, with crude falling more than 10% on the day, while stock futures surged as investors dialed back expectations of a prolonged conflict.
It was not known exactly how the trades were positioned, though the flurry of activity suggests the bets were on falling oil prices.
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