$760 Million Oil Shorts Placed Minutes Before Hormuz Announcement (Report)

US President Trump, alongside Iran’s foreign minister, announced a major de-escalation yesterday on the war front, indicating that the Strait of Hormuz will finally be reopened. The statement had a major impact on almost all financial markets, especially oil, given the Strait’s significance. USOIL, for example, plunged by over 11%. It traded at $90 per barrel before the announcement, but dumped to a five-…