Oil-price bets ahead of Iran war news totalled $7 billion, reporting shows
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Source: The Age
Published: 2026-05-10 19:30 UTC+10:00
Section: Business / Markets
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Education, Transport, Middle East, Military & Defence, Iran, Energy, Economy & Finance, Financial Markets, World News, US Politics, Business & Economy, War & Conflict
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Snippet:
A series of well-timed market bets on falling oil prices totalling as much as $US7 billion ($9.6 billion) during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by US President Donald Trump, according to traders, market experts and Reuters analysis of exchange data.
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