Right. They placed a huge bet that oil prices would fall. After the announcement, oil prices fall by 15%. They make a ton of money. Again, On April 17, 20 minutes before Iran's foreign minister announced that the Strait of Hormuz was open temporarily, traders bet $760 million that oil prices would fall. And then again on April 20, 15 minutes before President Trump announced he would extend the ceasefire, traders placed bets worth $430 million that prices would fall, and then they fell. (09:15–09:29)
CLAIM
Asserts that $760 million was bet on oil prices falling before an announcement about the Strait of Hormuz.
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