Investors bet around $760 million on a dip in oil prices just before Iran announced the opening of the Strait of Hormuz, as 7,990 contracts of Brent crude were shorted in a single minute, according to data from the London Exchanges. This intense trading coincided with a sharp drop in oil prices exceeding 10%, in a surprising move for global energy markets.
Suspicion has risen over the possibility that some traders leveraged sensitive information related to developments in the Middle East conflict, as this wasn't the first time hundreds of millions were wagered on oil price movements just hours or minutes before major political announcements$DEXE
Suspicion has risen over the possibility that some traders leveraged sensitive information related to developments in the Middle East conflict, as this wasn't the first time hundreds of millions were wagered on oil price movements just hours or minutes before major political announcements$DEXE