The Kobeissi Letter
The Kobeissi Letter|Apr 18, 2026 16:37
Is this the best timed trade of 2026? Yesterday, at 8:24 AM ET, oil traders bought nearly $800 MILLION worth of oil shorts. Just 21 minutes later, Iran's Foreign Minister Araghchi said the "Strait of Hormuz is declared completely open." By 9:10 AM ET, oil prices had collapsed to $80 per barrel and hit their lowest level since March 10th. These same oil shorts made nearly $70 million in profit in less than one hour, according to our analysis. Truly unusual.(The Kobeissi Letter)
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