Bets on oil before Trump’s ceasefire follow pattern of insider trading

Accusations of insider trading have long dogged the Trump administration; Big bets on stocks, cryptocurrencies, oil and more are reported to be suspiciously timed around the US president’s major announcements. Trading activity around the uneasy two-week ceasefire in the Iran war continues this pattern.

Just hours before Donald Trump yesterday withdrew his threat to destroy Iran’s “entire civilisation”, unknown investors bet US$950 million (AU$1.4 billion) that oil would fall. Reuters analysis of LSEG data.