Analysis suggests that 70 minutes before reports of a US-Iran consensus, a $920 million abnormal short position appeared in the oil market, with floating profits of approximately $125 million.

Odaily Planet Daily News According to analysis by market observation agency The Kobeissi Letter, approximately 70 minutes before Axios reported that the US and Iran were nearing a consensus on a "14-point" agreement to end the war, crude oil short positions worth about $920 million were established. At 3:40 AM Eastern Time today (15:40 Beijing time), without any major news, the market established nearly 10,000 crude oil short contracts. In terms of nominal value, this transaction was worth approximately $920 million, which is an abnormally large transaction for the time period of 3:40 AM. 70 minutes later, at 4:50 AM Eastern Time (16:40 Beijing time), Axios reported that the US was "close" to reaching a "memorandum of understanding" to end the war with Iran. By 7:00 AM Eastern Time (19:00 Beijing time), oil prices had fallen by more than 12%, and the aforementioned crude oil short positions recorded floating profits of approximately $125 million. (Jin Shi)