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Oil Prices Drop After Trump's Iran Post, Following $500M Trader Bets

Unidentified traders placed $500 million in bets on falling oil prices just before President Trump announced a delay in Iran attacks, leading to a powerful selloff in oil and natural gas that benefited these conspicuous deals.

24 Mar, 17:21 — 24 Mar, 17:21
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Sources

Showing 1 of 4 sources
jerusalem-postMostly Factual19m ago

Traders bet $500 million on oil price just before Trump's post on delay to Iran attack

Having issued Iran with a Monday deadline to reopen the critical Strait of Hormuz or face its power plants being "obliterated," Trump's post unleashed a powerful selloff in oil and natural gas.

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Coverage Timeline

First report: nzz · 24 Mar, 10:43Full coverage: 4 · 7hWindow: 7h
Left-leaningCenterRight-leaning
nzz24 Mar, 10:43First to report

Auf dem Terminmarkt laufen auffällige Ölgeschäfte – 15 Minuten bevor Donald Trump einen Iran-Post absetzt

5h later
luxemburger-wort24 Mar, 15:45

Trump-Ultimatum: Die Wahl zwischen Chaos und einem schlechten Deal mit Iran

orf24 Mar, 15:53

Ölhandel kurz vor Trump-Posting gestiegen

1h later
jerusalem-post24 Mar, 17:21Latest update

Traders bet $500 million on oil price just before Trump's post on delay to Iran attack

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