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Oil Trading Spikes Before Trump Iran Announcement Raise Insider Trading Concerns

Hacker News •
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734 WTI oil contracts traded in 15 minutes before Trump's post, 170m value, followed by 14% price drop.

Trump announced US postpones Iran strikes via Truth Social at 07:04 ET. Market data shows 2,168 contracts traded at 06:49 ET, a 192% jump from 734 at 06:48, totaling $170m. Brent crude saw similar spikes. Analysts call this 'abnormal' timing with no prior indications of talks.

Speculation of insider trading arises as traders profited from falling oil prices. Iran denies talks, calling reports 'fake news'. US regulators contacted but no comment. Similar trading surges linked to US foreign policy decisions occurred in January with Venezuela's Maduro.

This anomaly demands investigation into potential illicit profit-taking ahead of significant policy shifts.