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According to reports from Phemex and several trading monitoring sources, approximately 760 million USD in short positions on Crude Oil ( mainly on Brent ) were opened just 20 minutes before Iran's news of reopening the Strait of Hormuz.
This is the third time suspicious insider trading has occurred, with oil prices immediately dropping 10%.
March 23: $500 million short positions — 15 minutes before Trump postponed the Iran attacks. Oil prices fell 15%.
April 7: $950 million short positions — a few hours before the US-Iran ceasefire.
April 17: $760 million short positions — 20 minutes before Hormuz was announced to reopen.