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Originally published by Capital Businessbusiness
March 24, 2026
3h ago
Oil traders bet millions ahead of Trump’s Iran talks post
At 06:49 ET, traders placed 733 bets on WTI crude oil contracts on the New York Mercantile Exchange (Nymex). One minute later, that number had jumped to 2,007. That's equivalent to about $170m. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Hundreds of millions of dollars were bet on oil contracts just before US President Donald Trump announced a postponement of strikes against Iran. The spike in trading activity, which occurred minutes before Trump's social media post, has led to speculation of insider trading.
- Approximately $170 million in WTI crude oil contracts and $150 million in Brent crude contracts were traded in a minute leading up to the announcement.
- Traders who bet on the price of oil falling profited significantly as it dropped 14% shortly after the news.
- The White House stated it does not "tolerate any administration official illegally profiteering off of insider knowledge."
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