Surge in global betting on energy markets seen on Monday morning 15 minutes prior to Donald Trump’s Truth Social post announcing ‘productive’ talks with Iran
A surge in betting on global oil markets just 15 minutes before Donald Trump announced a temporary halt to his airstrikes on Iran this week has sparked claims of insider trading.
Trump said on his Truth Social platform at 7.05 a.m. Monday: “I am please [sic] to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.”
Iran denied any such talks had taken place, branding them “fake news”.
But according to Bloomberg, at least 6 million barrels of Brent and West Texas Intermediate were suddenly sold between 6.49 a.m. and 6.51 a.m, raising suspicions that word of the president’s announcement was leaked in advance.
Anyone with more than sawdust between their ears knew he was going to do this. It’s his modus operandi: cause chaos and watch the markets plummet - then buy cheap and reverse course. Markets recover, and he (and his cronies) profit!
Except the markets have been bleeding out for months.
A falling tide sinks all ships
A falling tide creates opportunities for short positions.
Plenty of short sellers (myself included) have been burned, thinking we could predict short term business cycles in advance.