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Suspicious $580M Oil Trades Before Donald Trump’s Iran Announcement Raise Insider Trading Fears
Oil Market: Unusual speculation was seen in the oil market just before Trump's announcement to postpone an attack on Iran. Billions of dollars worth of trades were executed within minutes, raising suspicions of insider trading and prompting calls for an investigation.
An unusual case of speculation has come up in the oil market just prior to US President Donald Trump’s announcement that he would delay a possible attack on Iran. BBC data has shown a sharp increase in trading volume just 15 minutes prior to the announcement, which allowed some traders to make profits from a sharp fall in oil prices.
At 06:49 am ET, bets were placed on 733 WTI crude contracts on NYMEX, which increased to 2,007 in a minute. This translates to deals worth $170 million, or ₹1,400 crore (around $1.24 billion).
Similarly, Brent crude contracts saw a surge from 20 to over 1,600 trades within a minute, valued at $150 million (approximately $1.24 billion). Typically, such large trades do not occur at this time on Monday mornings, further fueling suspicion about this activity. Traders who had placed bets in advance reaped substantial profits.
