1.4M
TH$760 million hit oil shorts 20 minutes before the Hormuz announcement. Third time in three weeks.
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On April 17 at 12: 24 GMT, traders sold 7, 990 Brent futures lots in a single minute, roughly $760 million betting oil would fall. At 12: 45 GMT, Iranian foreign minister Abbas Araghchi posted on X that the Strait of Hormuz was fully open to commercial traffic during the ceasefire. Brent dropped 11 percent and WTI fell 12 percent below $83. Reuters cited LSEG data, and the CFTC is already investigating earlier suspicious oil trades from March 23 and April 7, with more than $2.2 billion in well-timed positions across the three episodes.
#Trump #InsiderTrading #CFTC #Brent #Hormuz
@the.beat.report
