Radhika Desai on Trump Iran oil swings
Oil swings on every Trump line about Iran, strikes send it up, talk of talks sends it down. Radhika Desai points out that anyone who knows the announcement a beat early can cash in hard. Trump and his circle benefit and trade on those moves, and he’s selling that early access on Truth Social for a hundred grand a month
Trascrizione (en)
There is another element to this, as you know very well. Trump and his friends and cronies benefit and speculate on the swings in oil prices that inevitably accompany each announcement. When Trump says we are at war and he bombs a few places, then the price of oil rises. When Trump says we are having negotiations, the price of oil drops, and those who know, even microseconds earlier, that he's going to make these announcements stand to benefit enormously. And as you know, Rick, Trump is actually selling the privilege of getting these, you know, his announcements on Truth Social, a couple of minutes before, or a few microseconds before they go out, at the price of $100,000 a month.
