May 9, 2026
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8:07Now PlayingA massive $920 million oil short position was placed roughly 70 minutes before reports broke that the US and Iran were nearing a peace deal, triggering a collapse in oil prices and an estimated nine-figure payday. Similar market moves have repeatedly appeared ahead of major Trump administration announcements, yet federal regulators have shown little interest in investigating who keeps making perfectly timed bets. While insiders cash out, ordinary consumers end up paying the price through higher fuel costs, volatility, and markets that increasingly look rigged from the top down. Ring of Fire’s Josh G. discusses.
Krugman 'Grand Theft Oil Futures'
Kobeissi Letter post
BBC oil futures pattern
CNBC oil drop on peace deal
Axios gas prices Iran war
CNBC Trump Iran war Hormuz May 7
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