"On March 23, 15 minutes before Trump announced that he would delay threatened attacks on Iran's power grid, traders bet more than $500 million that oil prices would fall. On April 7, hours ahead of a temporary ceasefire announced by Trump, traders bet $960 million that oil prices would fall."
"On April 17, 20 minutes before Iran's Foreign Minister Abbas Araghchi posted on social media saying that the Strait of Hormuz was open, traders bet $760 million that oil prices would fall. On April 21, 15 minutes before Trump announced he would extend the ceasefire, traders placed a series of bets worth $430 million that oil prices would fall."
"The DOJ, along with the Commodity Futures Trading Commission, is probing at least four of these trades where traders made a total of more than $2.6 billion betting that oil prices would drop right before they did."
The Department of Justice and Commodity Futures Trading Commission are investigating a pattern of suspicious oil market trades that preceded major geopolitical announcements. Four trades totaling over $2.6 billion involved bets that oil prices would decline, each occurring within minutes to hours before significant statements from President Trump or Iranian officials regarding the conflict. The trades occurred on March 23, April 7, April 17, and April 21, with traders consistently profiting from accurate price predictions. Data obtained from the London Stock Exchange Group shows the timing correlation, though the data does not identify the traders or definitively prove insider information was used.
#insider-trading-investigation #oil-market-manipulation #geopolitical-announcements #doj-and-cftc-probe
Read at ABC7 San Francisco
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