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Large bets placed on oil and defence before Trump’s Iran announcement, reports say

politicsMay 1, 202611556

Roughly $500 million in war-related bets on oil and defense futures were placed hours before President Trump’s public Iran announcement, Bloomberg and the Bangkok Post independently flagged the activity. Those trades coincided with sharp spikes in oil and defense stock futures ahead of the post, lifting crude risk premiums as markets priced in potential disruption to shipping through the Strait of Hormuz. Because the bets preceded the public statement, the episode raises questions about whether traders had advance information and it means higher gasoline prices for consumers and greater volatility for investors.

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