In a significant market move, investors placed a bet worth approximately $950 million on falling oil prices just hours before President Donald Trump announced a two-week ceasefire with Iran. On Tuesday, at 1945 GMT, traders sold a total of 8,600 lots of Brent and US crude futures, indicating a strong expectation of declining prices. Following Trump's announcement at around 2230 GMT, crude futures plummeted by about 15%, dropping below $100 a barrel. Such large positions in oil trading are typically used to hedge physical oil trades, but they are rarely executed in large lots due to the potential impact on market prices. This recent bet mirrors a previous incident on March 23, when investors sold $500 million in oil futures just before Trump announced a delay in military action against Iran, which similarly shocked the market and resulted in a price drop.