Nearly $1 billion in oil shorts bet just before Iran peace report Observers are once again raising concerns about insider trading on Wednesday after a trader took a colossal crude oil short position just over an hour before a US-Iran peace deal was reported to be on the horizon, causing prices to fall. The Kobeissi Letter, a financial newsletter, reported on X that at 3:40 am on Wednesday, “nearly 10,000 contracts […] The post Nearly $1 billion in oil shorts bet just before Iran peace report appeared first on Asia Times .
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Observers are once again raising concerns about insider trading on Wednesday after a trader took a colossal crude oil short position just over an hour before a US-Iran peace deal was reported to be on the horizon, causing prices to fall. The Kobeissi Letter, a financial newsletter, reported on X that at 3:40 am on Wednesday, “nearly 10,000 contracts […] The post Nearly $1 billion in oil shorts bet just before Iran peace report appeared first on Asia Times .
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· click + to trackIran will control Strait of Hormuz 'forever', former senior US official says Iran will control Strait of Hormuz 'forever', former senior US official says Submitted by Sean Mathews on Wed, 05/06/2026 - 21:15 In a Bloomberg interview, Amos Hochstein said the oil shortages that poor countries are experiencing could move to the West A woman crosses a street near a billboard on the facade of a building depicting the Strait of Hormuz with a caption in Persian reading 'Forever in Iran’s Hand', at Vanak Square in Tehran, Iran, on 6 May 2026 (AFP) Off Iran will control the Strait of Hormuz “forever”, regardless of what a peace deal between the US and the Islamic Republic says, forcing Gulf states to build new pipelines to bypass Iran’s chokehold, a former senior US official said on Tuesday. “The Strait of Hormuz is under Iranian control forever - basically for the foreseeable future,” Amos Hochstein, an energy and Middle East adviser to former US President Joe Biden, told Bloomberg. “Nobody in the market should look at what the deal says eventually and believe it on [the] straits.
US and Iran close to finalising peace deal New Delhi, May 06: After protracted and tough negotiations, the United States and Iran are close to finalising a deal to end the conflict. The two sides have held marathon talks for weeks to iron out their differences and arrive at a mutually acceptable framework that could pave the way for a formal agreement and long-term peace. "We will close this very soon.
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