Oil prices fluctuate as traders place massive bets ahead of Trump Iran ceasefire extension

Apr 22, 2026, 3:54:53 PM UTC(19 hours ago)

Impact: Very High

Affected Assets

Global oil prices remained volatile near 100 dollars per barrel following President Trump's announcement of an indefinite ceasefire extension with Iran
Market data revealed a 430 million dollar short position placed by traders minutes before the Truth Social announcement suggesting potential advanced knowledge or high-stakes speculation
The extension was reportedly requested by Pakistan's Prime Minister Shehbaz Sharif to allow more time for diplomatic mediation between Washington and Tehran
Despite the ceasefire the United States military has been directed to maintain its naval blockade of Iranian ports which Tehran has condemned as an act of piracy
Brent crude futures initially slipped to approximately 98 dollars while West Texas Intermediate fell to 89 dollars as markets weighed the unilateral nature of the extension

JUST IN: 🇺🇸🇮🇷 Traders placed $430,000,000 in bets on lower oil prices minutes before President Trump announced ceasefire extension with Iran.