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Traders bet $500 million on oil price just before Trump's post on delay to Iran attack
Reuters· 2026-03-24 15:10
Core Insights - Traders placed bets totaling half a billion dollars on crude oil prices just 15 minutes before President Donald Trump announced a five-day delay in attacks on Iran's energy infrastructure, which subsequently caused a significant market decline [1] Group 1 - A substantial amount of trading activity occurred shortly before a major geopolitical announcement, indicating a potential market reaction to anticipated news [1] - The announcement by President Trump had an immediate impact on the crude oil market, leading to a plunge in prices [1]