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

financeMay 6, 202616765

Brent and WTI fell after reports the US and Iran were nearing an agreement that could reopen the Strait of Hormuz to shipping.

Mark Chadbourn
@chadbourn.bsky.social

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.

3971h ago
Granuailynn10

Gee, wonder who in American govt & business would have access to understanding & implementing Russia levels of corruption?🤔 That's a mind bender, I tell ya!😒

lgotts.bsky.social6

So there clearly are only a handful of folks with access to such info in advance. At some point, patterns may emerge and identification may be possible. I can’t wait….

Renee Babcock4

Might be time to start looking at bank accounts of the inner circle to see who suddenly has large deposits on the dates these announcements are happening. It should be a relatively small number of people.

Seán Miller3

Why is this so hard to trace back to a person or entity. Am I led to believe that the IRS wouldn't be interested in getting their share of the $125mil. And if this is illegal then shouldn't the SEC be investigating it? If neither are investigating then I guess we know who's responsible.

aka Uncle Cracker3

Bet your ass that Axios principals got a taste of that sweet action as well!

Michele2

If this doesn’t spark a revolution to rid us of these corrupt greedy twats, nothing will. While Americans are going bankrupt everyday because of illness, these conmen are coining it in

𝕃𝕒𝕦𝕣𝕖𝕟𝕔𝕖𝕄2

Who are the ones losing here ? The illicit gains aren’t coming out of thin air - some others must be being hit badly …

MayhemMel!2

Not all is well in Russia

Dave Antarctica2

Markets look like 1928 at this moment

Eric Lussier2

Tomorrow will bring another scandal and the US people will continue 😴

Kai [I am an extraordinarily brilliant person] Kronfield2

They learned/are learning from the best. I don’t think all those phone calls with Putin are just them exchanging niceties.

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