$760M was sold in Brent crude futures just 20 minutes before confirmation that the Strait of Hormuz was fully open. Prices dropped up to 11% immediately after. This is not an isolated event. April 7 ~$950M sold ahead of US Iran ceasefire news March 23 ~$500M positioned 15 minutes before Donald Trump paused strikes on Iran’s energy infrastructure Oil fell 15% The pattern is consistent Large, well timed positioning immediately before market moving announcements Now the Commodity Futures Trading Commission is investigating But the core issue remains Markets react to information Some participants act before it becomes public