Markets Whiplashed by Trump’s Iran Rhetoric

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another edition of a classic Trump ‘TACO’ move, the White House has announced a 5-day postponement to US attacks on Iran power and energy infrastructure, citing ‘very good and productive conversations’.    - Whilst the move sent oil prices down by more than $10 per barrel as market participants continue to guess whether the talks are happening or not (Iran denies any interaction), Trump’s Truth Social post also raises potential insider trading issues.  - According to Bloomberg, contracts worth at least 6 million barrels of Brent and WTI were sold in the two minutes before Trump’s Iran post, almost tenfold the usual trading volume in oil futures.  - The S&P 500 index saw a similar surge in trading activity, seeing some 6,000 contracts traded that represent more than $2 billion in notional value.- Meanwhile, the bullish positions taken up by hedge funds are mind-boggling with the total net length held in ICE Brent futures and options rising to 428,704 contracts in the week ending March 17, the highest in six years. Market Movers- Brazil’s state oil company Petrobras (NYSE:PBR) and its partner Ecopetrol (NYSE:EC) confirmed a large gas discovery offshore Colombia, finding significant reserves with its Copoazu-1 wildcat in the vicinity of the 6 TCf Sirius gas find.- The Trump administration released French oil major TotalEnergies (NYSE:TTE) from $1 billion in offshore wind leases, compensating it ‘dollar-for-dollar’ provided the company redirects those funds to oil and gas investments in the US.- Brazil has granted an exploration drilling license to Norway’s state oil firm Equinor (NYSE:EQNR) for its offshore Raia project, believed to contain more than 1 billion boe with peak production potentially reaching 126,000 b/d of crude.- Global trading firm Vitol has signed a 1.5 mtpa LNG supply deal with US LNG developer Venture Global (NYSE:VG), starting later this year for a 5-year period, with the volumes coming from the 27.2 mtpa Plaquemines export terminal.Tuesday, March 24, 2026Following the crude markets is gradually becoming an extreme sport rather than a financial hobby, with US President Trump unleashing a flurry of contradictory messages this week. Is the US holding talks with Iran? Trump says the talks are constructive, Iran says there were none. Can the US reopen the Strait of Hormuz? One day, Trump states he would obliterate Iran if it doesn’t, the next day the President claims he and the ayatollah will share control over it. In an atmosphere of absolute madness, ICE Brent remains in triple digits, climbing to $103 per barrel today after the military side of the Iran-Israel conflict keeps on escalating.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersAMD Advanced Micro Devices, Inc. 220.27 +14.90 (+7.26%)BTC-USD Bitcoin USD 70,880.80 +390.37 (+0.55%)UGRO urban-gro, Inc. 36.29 +29.27 (+416.95%)DKNG DraftKings Inc. 21.42 -1.89 (-8.11%)SRPT Sarepta Therapeutics, Inc. 23.77 +6.16 (+34.98%)PortfolioSign in to access your portfolioSign inTop gainersSRPT Sarepta Therapeutics, Inc. 23.77 +6.16 (+34.98%)BRZE Braze, Inc. 21.60 +3.58 (+19.87%)CORT Corcept Therapeutics Incorporated 40.47 +6.65 (+19.66%)ARM Arm Holdings plc 157.07 +22.11 (+16.38%)FLY Firefly Aerospace Inc. 27.53 +3.80 (+16.01%)Top losersADMA ADMA Biologics, Inc. 9.63 -1.70 (-15.00%)DAVE Dave Inc. 181.01 -25.40 (-12.30%)ONON On Holding AG 35.16 -4.43 (-11.19%)FRMI Fermi Inc. 6.66 -0.80 (-10.72%)FUBO FuboTV Inc. 10.85 -1.17 (-9.73%)Most activeNVDA NVIDIA Corporation 178.68 +3.48 (+1.99%)INTC Intel Corporation 47.18 +3.12 (+7.08%)ONDS Ondas Inc. 10.31 -0.37 (-3.46%)TERN Terns Pharmaceuticals, Inc. 52.86 +2.86 (+5.72%)AAL American Airlines Group Inc. 10.74 +0.03 (+0.28%)Top economic eventsEarnings eventsMy earnings eventsEarnings events