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Economy News

The Economic Times

Economy / The Economic Times

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Traders place $430 million bet on lower oil price before Trump ceasefire extension

It is the third time this month, and the fourth in total, that large, well-timed directional bets on the oil price have been made shortly before major announcements on the Iran war. One combined wager in March was worth $500 million, while April's bets have together totalled some $2.1 billion.

23 Apr 2026 12:15 am