Traders place $760 million bet before Hormuz reopening announcement

On April 17, 2026, Reuters reported that investors sold 7,990 lots of Brent crude futures worth about $760 million roughly 20 minutes before Iran's foreign minister announced that the Strait of Hormuz was open. Crude prices fell sharply after the announcement. Reuters said it was another large, well-timed trade during the Iran conflict, but did not identify the traders or prove wrongdoing.