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Traders bet 430 million on lower oil prices ahead of Trump ceasefire extension
Economy
Published on 24 April 2026
Major bets timed before Iran war announcements
Traders have placed a $430 million directional wager that oil prices will fall ahead of a Trump ceasefire extension tied to the Iran war. Analysts note this is the third such bet this month and the fourth overall, with prior large positions in March and April reaching $500 million and about $2.1 billion respectively.
- A $430 million bet targets lower oil prices
- The move is timed before a Trump ceasefire extension
- This is the third bet this month and fourth overall
- Past bets in March and April totaled about $2.6 billion
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times