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Traders place $760 million bet on falling oil ahead of Hormuz announcement

Economic Times 17 April 2026 at 05:06 pm 1 min read 13 views Read Original
Traders place $760 million bet on falling oil ahead of Hormuz announcement

Just ahead of pivotal updates concerning the Strait of Hormuz and Iran, lucrative oil trades totaling millions were executed, raising eyebrows among U.S. officials. Such timely trades have prompted a thorough investigation into several oil futures transactions made right before key policy changes, with the U.S. Commodity Futures Trading Commission now scrutinizing the details of these deals.

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