Thanks to Donald Trump's decisions, some people can make a fortune. Traders placed a series of bets worth $430 million. to the drop in oil prices just 15 minutes before the US president announced the extension of the ceasefire. This is the third time this month, and the fourth time in general, that large, well-timed bets on the price of oil were placed shortly before important announcements regarding the war with Iran, reports Reuters.
One bet in March was worth a total of $500 million, and April bets totaled about $2.1 billion.
See also: Donald Trump extends the ceasefire with Iran. The blockade of the Strait of Hormuz continues
Donald Trump extended the truce with Iran. Suspicious transactions
According to LSEG data between 19.54 and 19.56 GMT on Tuesday 4,260 lots were sold on the crude oil market, with a total value of USD 430 million, based on the current price of Brent crude oil futures.
Donald Trump announced that he would extend the ceasefire indefinitely at 20/10 GMT.
Before the transaction was concluded, the price was $100.91. per barrel. After Trump's announcement, the price of Brent crude oil futures fell to $96.83. within a minute.
See also: Donald Trump is scraping the bottom. The Americans expressed their opinion
Donald Trump's decisions regarding Iran and mysterious bets
On March 23, 15 minutes before Trump announced he would postpone the threat of attacks on Iran's energy infrastructure, anonymous investors they bet $500 million. to the drop in oil prices.
Similarly, on April 7, bets worth USD 950 million. were implemented just hours before Trump announced a two-week ceasefire.
On April 17, about 20 minutes before the Iranian Minister of Foreign Affairs published on social media information about the opening of the Strait of Hormuz, investors they bet USD 760 million. on bets on falling oil prices.
The United States is investigating a number of oil futures trades, including those on March 23 and April 7, which were made shortly before Trump's major policy changes related to the war in Iran, a person familiar with the matter said on April 15.
What is insider trading?
Insider trading is the use of non-public, confidential information to conclude transactions (e.g. on company shares) in order to make a profit. Applies to people having access to secret data. This is illegal because it violates the principle of equal access of investors to information and is punishable.
Source: Reuters
