Oil prices have plunged on on reports that the US and Iran are nearing a peace deal, a development that paid off big for traders that happened to be shorting crude just ahead of the news. Data flagged by the The Kobeissi Letter shows that nearly $1 billion of crude oil shorts were opened roughly an hour before an Axios report that the US and Iran were nearing a deal to end the war. The Kobeissi Letter outlined its analysis in a Wednesday morning post : Brent oil was down as much as 11.9%, while