Fifteen minutes before Trump announced a ceasefire, traders bet $430 million on falling oil prices.

Just 15 minutes before US President Trump announced an extension of the ceasefire agreement with Iran, traders placed $430 million bets on falling oil prices. This marks the third time this month and the fourth since the conflict began that traders have made large and precise predictive bets on oil prices shortly before major announcements regarding the war with Iran. The bets in March were worth $500 million, while those in April totaled approximately $2.1 billion. On March 23, just 15 minutes before Trump announced a delay in attacks on Iranian power facilities, traders placed $500 million bets on falling oil prices. Hours before Trump announced a two-week ceasefire agreement on April 7, bets worth $950 million were placed. On April 17, about 20 minutes before the Iranian Foreign Minister announced the opening of the Strait of Hormuz to commercial vessels, traders placed $760 million bets on falling oil prices.