15 minutes before Trump announces ceasefire, traders bet $430 million on oil price decline Just 15 minutes before US President Trump announced that he would extend the ceasefire agreement with Iran, traders bet $430 million on a drop in oil prices. This is the third time this month and the fourth time since the conflict that traders have made large-scale and accurate predictive bets on oil prices shortly before the major announcement about the Iran war. The bet in March was worth $500 million, while the total bet in April reached about $2.1 billion. On March 23rd, just 15 minutes before Trump announced the postponement of the attack on Iran's power facilities, traders bet $500 million that oil prices would fall. A few hours before Trump announced a two-week ceasefire agreement on April 7th, a bet worth $950 million was made. On April 17th, about 20 minutes before the Iranian Foreign Minister announced that the Strait of Hormuz would be open to commercial ships, traders bet $760 million on a drop in oil prices.