"The Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) are reportedly examining at least four oil futures trades totaling more than $2.6 billion. The bets were placed before prices fell amid Iran-related statements from President Donald Trump, including military action and ceasefire decisions, as well as remarks from Iranian Foreign Minister Abbas Araghchi about the Strait of Hormuz."
"On March 23, traders placed more than $500 million in bets about 15 minutes before Trump said he would delay threatened attacks on Iran's power grid. On April 7, another $960 million trade came hours before Trump announced a temporary ceasefire."
"Rep. Ritchie Torres had already urged federal regulators to review the ceasefire-related trade. In an April 14 letter, he asked the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission to open a joint investigation into potential insider trading, market manipulation, and any misuse of confidential government or diplomatic information."
The Department of Justice and Commodity Futures Trading Commission are investigating over $2.6 billion in oil futures trades that preceded Iran-related statements from President Trump and Iranian Foreign Minister Abbas Araghchi. Large bets on declining oil prices were placed shortly before Trump announced military action delays and ceasefire decisions, as well as comments about the Strait of Hormuz. Trading data shows a $500 million wager 15 minutes before Trump delayed attacks on Iran's power grid and a $960 million trade hours before a ceasefire announcement. Representative Ritchie Torres requested a joint investigation into potential insider trading, market manipulation, and misuse of confidential government information.
#insider-trading-investigation #oil-futures-trading #iran-geopolitical-events #market-manipulation #federal-regulatory-probe
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