New Delhi, March 24 -- Minutes before US President Donald Trump posted on Truth Social about "productive" talks amid the war with Iran, traders placed bets worth over half a million dollars in the oil market, the Financial Times reported Monday.

Around 6,200 Brent and West Texas Intermediate futures contracts changed hands 15 minutes before Trump's post, which sent crude oil prices below $100 and made other assets volatile. The trading took place between 6:49 AM and 6:50 AM New York time on Monday, a quarter hour after the postsaid there had been "productive conversations" in recent days with Tehran to end the war in Iran.

According to the FT report based on Bloomberg data, the notional value of these trades was $580 million.

Trading v...