THIS WEEK: about 15 minutes before Trump posted about “productive” talks with Iran on his Truth Social propaganda platform, insider traders placed large bets on crude oil futures. Soon after, oil prices fell sharply, making those short positions profitable, as reported by The Financial Times. This also saw the S&P 500 stock market surge. Soon after, Iran announced that they have no idea what Trump is talking about and that Trump’s claims of peace talks were ‘fake news’ – triggering a rebound in prices. Around 6,200 contracts of Brent and West Texas Intermediate (WTI) crude were traded with a total value of roughly $580 million, but this may be a drop in the bucket compared to how Wall Street institution insiders placed their market bets—making money on the uptick, the dip and the rebounded. A new level of corruption. Meanwhile, Trump and Israel continue to drive the region and the world towards WWIII, which may not end well for the Gulf Arab monarchies, who may be forced to flee their ornate desert fiefdoms. All this and more.
Dialogue Works host Nima Alkhorshid talks to editor of 21st Century Wire Patrick Henningsen. Watch:
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