Accusations of insider trading have long dogged the Trump administration, with reports of sizable bets — made across stocks, crypto, oil and more — suspiciously timed around major announcements from the US president. Trading activity around the uneasy two-week ceasefire in the Iran war continues this pattern.
Mere hours before Donald Trump walked back his threat to destroy Iran’s “whole civilisation” yesterday, unknown investors bet US$950 million (A$1.4 billion) that oil would fall, according to a Reuters analysis of LSEG data.