Surge in global betting on energy markets seen on Monday morning 15 minutes prior to Donald Trumpās Truth Social post announcing āproductiveā talks with Iran
A surge in betting on global oil markets just 15 minutes before Donald Trump announced a temporary halt to his airstrikes on Iran this week has sparked claims of insider trading.
Trump said on his Truth Social platform at 7.05 a.m. Monday: āI am please [sic] to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.ā
Iran denied any such talks had taken place, branding them āfake newsā.
But according to Bloomberg, at least 6 million barrels of Brent and West Texas Intermediate were suddenly sold between 6.49 a.m. and 6.51 a.m, raising suspicions that word of the presidentās announcement was leaked in advance.
You mean like in the first sentence of the article? Do you read in a reverse order?
Nah, I often read the comments to decide if itās worth reading the article, and sometimes comment off that, oops, you got me. Actually maybe that is reverse order.
Guessing itās pretty much what I expected, and Iām likely to have said much the same anyway.