"The BBC has examined trade volume data on several financial markets and matched them to some of the president's most significant market-moving statements. It found a consistent pattern of spikes just hours, or sometimes minutes, before a social media post or media interview was made public."
"Some of the biggest movements have been in oil trades on the futures market, relating to Trump's comments on the Iran war. Oil traders reacted to news that the conflict could end quickly by selling oil, with the price plunging by around 25%."
"Market data shows a huge surge of bets were placed on the price of oil falling a full 47 minutes before a reporter posted the president's comments to X. The traders who placed those bets will have made millions of dollars from the movement in oil prices."
"Trading based on insider information has been illegal since the Securities Act was passed in 1933, and was extended to cover government officials in 2012. Some analysts say it bears the hallmarks of illegal insider trading, whereby bets are made by people based on information that is not available to the general public."
A BBC report indicates potential illegal insider trading related to President Trump's announcements, with traders betting millions before major statements. The report identified patterns of trading spikes just before Trump's comments, particularly in oil futures linked to the Iran war. Significant trades occurred shortly before public announcements, suggesting traders profited from non-public information. Despite evidence of possible insider trading, experts believe prosecution is unlikely due to complexities in the situation and the legal framework surrounding such activities.
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