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Traders place $760 million bet on falling oil ahead of Hormuz announcement
The Economic Times ^ | 4/17/2026 | Amanda Cooper

Posted on 04/17/2026 5:18:26 PM PDT by Ultra Sonic 007

Investors placed a bet worth about $760 million ​on a falling oil ​price around 20 minutes before Iran's foreign minister announced ​on Friday that the Strait of Hormuz was open, another sizeable wager on the world's most traded commodity ahead of major announcements in the course of the ‌Middle East ⁠war.

Large, ⁠well-timed trades in recent months have drawn concern from U.S. lawmakers and legal ​experts that decisions around war and diplomacy can give some traders an edge ​in volatile and opaque derivatives markets.

Between 1224 GMT and 1225 GMT investors sold a combined 7,990 lots of Brent crude futures, ​according to LSEG data.

Based on the price ⁠at the ‌time, these trades were worth about $760 million.

At ​1245 GMT, ​Iran's foreign minister posted on X that passage for ⁠all commercial vessels through the Strait of Hormuz was ​declared completely open for the remaining period of ceasefire, ​in line with the ceasefire in Lebanon.

The announcement pushed crude down as much as 11% on the day in the minutes that followed.

(Excerpt) Read more at economictimes.indiatimes.com ...


TOPICS: Business/Economy; Foreign Affairs; Iran; News/Current Events
KEYWORDS: donaldtrump; iran; oil; straitofhormuz

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The nature of just how much betting and wagers are involved in economic matters makes me unsettled as to how much is "real" about news involving the conflict with Iran. It's hard to put my finger on it.
1 posted on 04/17/2026 5:18:26 PM PDT by Ultra Sonic 007
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To: Ultra Sonic 007

If anyone knows how to time the market profitably, please teach me. Until then, dollar cost averaging works great. Helps me sleep too.


2 posted on 04/17/2026 6:40:35 PM PDT by ArcadeQuarters (You can't remove RINOs by voting for them!)
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To: Ultra Sonic 007

Did anyone see Nancy Pelosi on the trading floor screaming “SELL SELL SELL THOSE CALLS AND BUY BUY BUY PUTS” NOW”?


3 posted on 04/17/2026 8:04:38 PM PDT by cpdiii (cane cutter, deckhand, oilfield roughneck, drilling fluid tech, geologist, pilot, pharmacist, MAGA)
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To: Ultra Sonic 007

Did anyone see Nancy Pelosi on the trading floor screaming “SELL SELL SELL THOSE CALLS AND BUY BUY BUY PUTS” NOW”?


4 posted on 04/17/2026 8:05:56 PM PDT by cpdiii (cane cutter, deckhand, oilfield roughneck, drilling fluid tech, geologist, pilot, pharmacist, MAGA)
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To: Ultra Sonic 007
for each sale there was also a buy ...

why are they only reporting one side of the equation?

are the authors too inexperienced to understand that?

or do they maybe have other motives?
5 posted on 04/17/2026 8:14:28 PM PDT by bankwalker (Feminists, like all Marxists, are ungrateful parasites.)
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To: bankwalker

“for each sale there was also a buy ...

why are they only reporting one side of the equation?

are the authors too inexperienced to understand that?

or do they maybe have other motives?”

It is not that simple. Often market makers who know how to hedge their positions are involved.


6 posted on 04/17/2026 8:23:14 PM PDT by TexasGator (-11..)
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To: Ultra Sonic 007

I agree. We have a “theatre” of war, and all these money games.


7 posted on 04/17/2026 8:50:01 PM PDT by BlackVeil ('The past is never dead. It's not even past.' William Faulkner)
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To: Ultra Sonic 007

Not exactly the hardest prediction ever made.


8 posted on 04/17/2026 8:58:54 PM PDT by bray (Thank God for Israel)
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