Saed News: With the start of the war against Iran, suspicious transactions emerged in the oil market, and these transactions are still continuing.
According to SAEDNEWS, citing Bloomberg, for the multiple time during the war against Iran, a large trade in the market based on a bet on a sharp decline in Brent crude prices was executed. This has significantly unsettled traders in the market, which was already sensitive to unusual flows. The transaction occurred while continuous news related to the Iran war has intensified oil price volatility, and regulatory bodies are also reviewing suspicious trades.
Based on data compiled by Bloomberg, on Tuesday a trade involving put options equivalent to 134 million barrels of Brent oil was executed in a 91/90 dollar spread structure. In this trading setup, the buyer of the spread could earn up to 129 million dollars in profit, provided that July futures contracts fall by approximately 19% from current price levels by the expiration date of May 26.