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The Independent UK
The Independent UK
National
Joe Sommerlad

How oil traders bet millions just minutes before Trump’s Iran ‘peace talks’ post

  • A surge in global betting on energy markets occurred 15 minutes before President Donald Trump announced on Truth Social that the US and Iran had held 'productive' talks.
  • Between 6.49 a.m. and 6.51 a.m. on Monday, at least 6 million barrels of Brent and West Texas Intermediate oil were sold, alongside unusual trading upticks in other international markets, sparking claims of insider trading.
  • Connecticut Democratic Senator Chris Murphy highlighted a $1.5 billion bet on S&P 500 futures and a $192 million sale of oil futures just five minutes before Trump's post, questioning the identity of the traders.
  • Iran swiftly denied any talks had taken place, with parliamentary speaker Mohammad Bagher Ghalibaf branding Trump's announcement 'fake news' designed to manipulate financial and oil markets.
  • The White House denied any profiteering, stating it does not tolerate officials illegally profiting from insider knowledge, while previous instances of suspicious betting on political events have also been reported.

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