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Oil futures spike $580 million before U.S. Iran strike pause announcement, Ian Bremmer reveals
Ian Bremmer highlights an unusual spike in oil futures trading that occurred at 6:49 a.m., notably 16 minutes before any public announcement. According to Bremmer, former President Trump announced a pause on planned Iran strikes at 7:05 a.m., after the market had already moved.
Bremmer notes that $580 million in contracts were traded just before the U.S. news, raising concerns of possible advance knowledge and corruption.
Bremmer previously reported that oil prices jumped nearly 10 percent as markets responded to Iran-related developments. In a separate note, he described a disconnect between U.S. economic strength and continued inflation worries. His recent observation of an unusual surge in oil futures trading adds to the series of notable market events he has tracked.
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