Svmuu News: According to an analysis by market research firm The Kobeissi Letter, short positions in crude oil worth approximately $920 million were established 70 minutes before Axios reported that the U.S. and Iran were close to reaching a consensus on a "14-point" agreement to end the war. At 3:40 a.m. Eastern Time today (3:40 p.m. Beijing Time), with no major news events occurring, the market saw nearly 10,000 crude oil short contracts established. Based on notional value, this trade amounted to approximately $920 million, an exceptionally large volume for the 3:40 a.m. time slot. Seventy minutes later, at 4:50 a.m. ET (4:40 p.m. Beijing time), Axios reported that the U.S. was “close” to reaching a “memorandum of understanding” to end the Iran conflict. By 7:00 a.m. ET (7:00 p.m. Beijing time), oil prices had fallen by more than 12%, and the aforementioned short positions in crude oil had realized a paper profit of approximately $125 million. (Jin Shi)