[FT: Traders placed $580 million bets in the oil market 15 minutes before Trump’s post on Iran negotiations] Odaily Planet Daily News – On Monday, between 6:49 AM and 6:50 AM New York time, approximately 6,200 Brent crude oil and West Texas Intermediate (WTI) crude oil futures contracts were traded, with a nominal value of $580 million. About 15 minutes later, U.S. President Trump posted on Truth Social, stating that there had been 'productive talks' with Iran recently. The post, published at 7:04 AM, triggered a significant sell-off in the global energy market, while S&P 500 futures and European stock markets saw gains. The trading volume of Brent crude and WTI futures spiked 27 seconds before 6:50 AM, and the price of S&P 500 futures rose within seconds after the oil trades occurred. It remains unclear whether Monday’s trades were conducted by a single entity or multiple entities. White House spokesperson Kush Desai stated that the White House does not tolerate any officials profiting illegally from insider information and called it irresponsible reporting to suggest officials were involved in such activities without evidence. Several hedge funds have pointed out that there have been multiple instances of large trades occurring shortly before official U.S. government announcements in recent months. A hedge fund trader noted that energy advisors have recently observed several unusually timed large transactions. Iranian Parliament Speaker Mohammad-Bagher Ghalibaf later denied on the X platform that any negotiations had taken place between Washington and Tehran, causing global stock markets to retreat and renewed buying in the energy market. (Financial Times)