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Just a few hours before the announcement of the Iran-U.S. ceasefire, approximately $950 million worth of crude oil futures sell orders were placed, and oil prices subsequently plummeted.
Deep Tide TechFlow news. On April 09, according to Reuters, in the hours before the Iran-U.S. ceasefire agreement was announced, investors concentrated selling of 8,600 lots of Brent and WTI crude oil futures at 19:45 GMT on Tuesday, totaling about $950 million in short positions. Soon afterward, at 22:30 GMT that evening, U.S. President Trump announced a two-week ceasefire agreement with Iran, and crude oil futures prices promptly plunged by about 15%, falling below $100 per barrel.
Of note is that such large transactions are typically distributed across multiple exchanges to avoid price impact, and this time a single massive order executed in a concentrated manner after settlement is extremely rare. This pattern mirrors similar operations from March 23—back then, investors sold off about $500 million worth of crude oil futures roughly 15 minutes before Trump announced the delay of strikes on Iran’s energy infrastructure, after which oil prices also fell sharply by 15%.
In response, Congressman Ritchie Torres has sent a letter to the SEC and the CFTC urging an investigation into the related “suspicious” trades.