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flag Traders bet $950 million on falling oil prices before a U.S.-Iran ceasefire caused crude futures to drop 15% below $100.

flag Traders placed a $950 million bet on falling oil prices just hours before a U.S.-Iran ceasefire, causing crude futures to plummet 15% to below $100 a barrel. flag This rapid sell-off followed a similar $500 million bet earlier, highlighting market sensitivity to geopolitical shifts and heightened volatility.

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