Oil prices tumble on reports the US and Iran are closing a deal

Russia levels of corruption. “According to our analysis, ~$920 million worth of crude oil shorts were taken 70 minutes before an Axios report claimed the US and Iran were near a "14-point" deal to end the war.” The Kobeissi Letter, analysts of global capital markets. The shorts gained $125m.

Meanwhile someone made millions on the stock market this morning, placing a $920 million crude oil short at 3:40 AM. 70 minutes later Axios "reported" the US and Iran were close to a new and improved mythical deal. Oil dropped 12%. The trader made $125 million in profit in an hour.

The Kobeissi Letter: • ~$920 million worth of crude oil shorts were taken 70 mins before an Axios report claimed the US and Iran were near a "14-point" deal to end the war. • At 3:40 AM ET today, nearly 10,000 contracts worth of crude oil shorts were taken without any major news.

State of Media: "Trump is going to bomb Iran in 48 hours" "Oil drops 6% as Iran and US on brink of breakthrough deal" I simply do not see any value in 'News' that is subordinate to Capital in 2026. It is entirely Kayfabe & it's increasingly and exponentially more lazy and incoherent.

Someone placed a $920 million crude oil short at 3:40 AM. 70 minutes later Axios reported the US and Iran were close to a deal. Oil dropped 12%. The trade made $125 million in profit. Minutes after that Iran launched the “Persian Gulf Strait Authority” and oil surged 8%. $760 million placed

A better morning for UK gilts as oil prices fall sharply after a US media report that America and Iran are “very close” to a deal. While the drop in yields is welcome, expect continued volatility in the days ahead, driven by both global and domestic factors. #economy #markets #gilts #uk

Whether I make the pope happy or not, Iran cannot have a nuclear weapon. He seemed to be saying they can; I say they cannot. I thought oil prices would go to 200–250 dollars. It’s at 100 dollars now. Even if it went to 200, it would have been worth it. The deal will happen, but never a deadline.

'Insider trading': Oil and stocks jolt on news of US-Iran deal as some cry 'manipulation' - https://www.middleeasteye.net/news/insider-trading-oil-and-stocks-jolt-news-us-iran-deal-some-note-manipulation

‘Epic Insider Trading’: Nearly $1 Billion in Crude Oil Shorts Taken Just Before Report of US-Iran Peace Deal www.commondreams.org/news/iran-oi...

OIL RECOVERY WILL LAG ANY IRAN DEAL Even with a U.S.–Iran breakthrough reopening the Strait of Hormuz, oil markets may take 6–8 weeks to normalize. Rystad Energy says insurance repricing, shipping access, and rebuilding confidence will delay flows, despite likely immediate moves in futures prices.

‪S-E Volberg‬ #Axios reported Iran deal as “imminent” 5 times in 19 days... Why does the same story keep coming from the same reporter? Barak Ravid... Every time US admin needs to pressure Iran or move oil, Ravid gets a call $760 mio in oil shorts placed 21 min before April 20th Iran announcement

It has been zero days since Trump once again said we're lucky not to have $200 crude oil prices

Or, as it is better known, market manipulation Oil prices plunge on report U.S. and Iran closing in on a deal to end war

Oil plunged/stocks surged today because the US is nearing a deal with Iran - the same deal that was almost done in April. And March. And the ceasefire before that. Trump says "I felt that way before with them" and he will again. But sure... this time it's different. Markets said so... again.

Oil prices down but volatile this morning on hopes (again) for a US/Iran deal to end hostilities and open the Strait of Hormuz. Oil price volatility captured by the CBOE Oil VIX index (based on the USO ETF) remains very high, and has hit higher levels and for longer than in 2022 (Russia/Ukraine).