The alleged trade came shortly before reported progress toward US-Iran deal to end the war, raising suspicions of insider information A massive crude oil bet placed shortly before reports of a possible US-Iran peace deal sent prices crashing and fueled suspicion of insider trading, after the position reportedly generated a $125 million profit in just over an hour. According to market commentary platform the Kobeissi Letter, nearly 10,000 crude oil short contracts were placed around 3:40 AM (07: