Image: Fuel storage tanks are seen at a petroleum depot in Ambes, near Bordeaux, southwestern France, as global oil supply chains face acute disruption, on May 5, 2026.  (Photo by Philippe Lopez/AFP via Getty Images)

Stephen Prager reports: “Observers are once again raising concerns about insider trading on Wednesday after a trader took a colossal crude oil short position just over an hour before a US-Iran peace deal was reported to be on the horizon, causing prices to fall.

The Kobeissi Letter, a financial newsletter, reported on X that at 3:40 am on Wednesday, “nearly 10,000 contracts worth of crude oil shorts were taken without any major news.”

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