Traders Enriched Ahead Of Trump's Post On Talks With Iran
2- 24.03.2026, 10:09
- 3,124
Half a billion dollars worth of deals have been made.
Traders made half a billion dollars worth of trades in the oil market minutes before U.S. President Donald Trump published a post about "productive" talks with Iran, causing oil prices to plummet and other assets to become volatile.
This was reported by Financial Times.
Massive trades ahead of Trump's tenure
On Monday between 6:49 and 6:50 a.m. New York time, about 6,200 Brent and West Texas Intermediate futures contracts were transferred to other market participants, with a combined face value of about $580 million.
The transactions occurred just 15 minutes before the U.S. president posted a message on the Truth Social platform about "productive talks" with Tehran on ending the war in Iran.
At that time, trading volumes of Brent and WTI crude oil and S&P 500 Index futures rose sharply - immediately after the oil trades, their value also jumped. It is not yet known whether it was one organization or multiple participants.
Market Reaction and Aftermath
Trump's announcement at 7:04 a.m. triggered a sell-off in global energy markets and spikes in S&P 500 futures and European stocks as investors lowered bets on a prolonged conflict.
A number of hedge funds said it was one of many large trades in recent months ahead of official U.S. government announcements.
One trader noted that a series of such well-timed transactions is causing surprise and "a level of frustration" among investors.
He emphasized that for a Monday without important economic data or speeches by Fed officials, this is an unusually large deal.
Officials' statements
White House speechwriter Kush Desai said, "The sole goal of President Trump and members of his administration is to do what is best for the American people."
He emphasized that any hint of illegal use of insider information without evidence is "baseless and irresponsible reporting."
Later, Iranian Parliament Speaker Mohammad-Bagher Ghalibaf denied the talks with Washington, triggering fresh swings in global markets and increased buying on energy platforms.
Expert Analysis
Tim Skirrow, head of derivatives at Energy Aspects, said trading volume in Brent and WTI was higher than usual for this time of day.
He added that the futures and options markets had seen "significant inflows" from funds and almost all positions were long, which he said was a prerequisite for the sharp price moves.
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