The Kobeissi Letter
The Kobeissi Letter|Mar 23, 2026 22:41
BREAKING: Traders placed $580 million worth of oil trades 15 minutes prior to President Trump’s post about a potential peace deal with Iran this morning, per FT. Details include: 1. 6,200 Brent and WTI futures contracts were traded between 6:49 AM ET and 6:50 AM ET today 2. $1.5 billion in notional value worth of S&P 500 futures were traded at the same exact time 3. It is not known whether one entity or several entities were behind these trades These trades likely generated over $100 million worth of profit in ~20 minutes.(The Kobeissi Letter)
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