Unidentified traders placed a $430 million bearish bet on Brent crude futures 15 minutes before President Trump announced an indefinite extension of the U.S.–Iran ceasefire, sending prices down from $100.91 to $96.83 per barrel. The trade occurred during a post‑settlement period when trading volume is typically very low, and the 4,260 sell orders were executed between 19:54 and 19:56 GMT on Tuesday. It is the latest in a series of perfectly timed wagers that have raked in hundreds of millions in minutes. Earlier in March, more than $500 million was bet on falling oil prices 15 minutes before a U.S. announcement, with 5,100 lots sold between 10:49 and 10:50 GMT. In April, a $950 million short position was established just hours before a ceasefire announcement, and a $760 million bet was placed 20 minutes before Iran announced the reopening of the Strait of Hormuz.