$760 million worth of crude oil was sold before the opening of Khormuz. Another suspected insider trading occurred before the opening of Khormuz.

date
20/04/2026
Recently, a number of suspected "insider trading" incidents related to the Iran conflict have attracted widespread attention. According to Reuters, approximately $760 million worth of crude oil futures were sold off shortly before Iran announced the opening of the Strait of Hormuz on the 17th. Reuters reported that this is the third suspected "insider trading" incident of "precise timing" since the outbreak of the US-Iran conflict. Bloomberg reported on the 15th of this month, citing sources, that the US Commodity Futures Trading Commission is investigating a series of incidents that occurred before the US policy shift, where trading volumes surged, requesting trading account identity information from the Chicago Mercantile Exchange and the Intercontinental Exchange to track whether the parties involved in the trading are suspected of using insider information to trade in advance. Currently, the US Commodity Futures Trading Commission, Chicago Mercantile Exchange, and Intercontinental Exchange have all refused to comment on the investigation.