'Traders first spotted unusual trades on March 23. The trades were executed minutes before Trump announced a delay to threatened attacks on ⁠Iranian power infrastructure, triggering an oil price fall.The same pattern repeated on April 7, before Trump announced aceasefire with Iran that triggered a fall of as much as 15% in benchmark ICE Brent futures. It happened again on April 17, ​when Iranian officials and Trump spoke about reopening the Strait of Hormuz, and then again on April 21, when Trump extended the ceasefire.' https://www.reuters.com/sustainability/boards-policy-regulation/oil-price-bets-ahead-iran-war-news-totalled-7-billion-reporting-shows-2026-05-07/