Nearly $1 billion in oil shorts bet just before Iran peace report

Observers are once again raising concerns about insider trading on Wednesday after a trader took a colossal crude oil short position just over an hour before a US-Iran peace deal was reported to be on the horizon, causing prices to fall. The Kobeissi Letter, a financial newsletter, reported on X that at 3:40 am on Wednesday, “nearly 10,000 contracts […] The post Nearly $1 billion in oil shorts bet just before Iran peace report appeared first on Asia Times .

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