Iranian roulette – war in the time of portfolio diversification
Daily Maverick | 05.04.2026 20:09
On 23 March, during the third week of the two-day conflict in the Middle East, it was reported that traders made $580-million in bets on the oil market. These transactions occurred 15 minutes before US President Donald Trump farted a Truth Social post citing “productive” talks with the Iranians, which sent crude prices downward and other prices haywire. No one makes a bet that big on a chance that small. Describing this as fraud is laughably inadequate.
