“What is happening here?” wrote Adam Kobeissi about the stock market in his newsletter. The answer to which social media posters jumped was market manipulation. Economist Paul Krugman suggested the same in a post today, noting that someone who had insider knowledge “could have sold a bunch of crude oil futures, at very high prices, Brent was over $112 over the weekend, then bought them back immediately after Trump’s announcement of triumphal progress, but before the Iranians said that is not happening. And you could have turned a very, very nice, very large profit.” Indeed, by the end of the day, reporters like Yun Li at CNBC noted that about fifteen minutes before Trump’s announcement there had been a sudden and sharp jump in S&P 500 futures and oil futures.