Traders place $760 million bet on falling oil ahead of Hormuz announcement

April 17, 2026

Just ahead of pivotal updates concerning the Strait of Hormuz and Iran, lucrative oil trades totaling millions were executed, raising eyebrows among U.S. officials. Such timely trades have prompted a thorough investigation into several oil futures transactions made right before key policy changes, with the U.S. Commodity Futures Trading Commission now scrutinizing the details of these deals.

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