"Traders bet half a billion dollars on the price of crude only 15 minutes before US President Donald Trump announced a five-day delay to attacks on Iran's energy infrastructure that sent the market plunging."
"Having issued Iran with a Monday deadline to reopen the critical Strait of Hormuz or face its power plants being 'obliterated', Trump's post on Truth Social at 1105 GMT on Monday unleashed a powerful selloff in oil and natural gas."
Traders placed bets totaling half a billion dollars on crude oil shortly before Donald Trump announced a five-day delay to attacks on Iran's energy infrastructure. This announcement, made via a post on Truth Social, triggered a sharp selloff in oil and natural gas markets, resulting in a 15% plunge in oil prices. The context involved a prior ultimatum issued by Trump regarding Iran's actions in the Strait of Hormuz, which heightened market volatility.
Read at Independent
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