"Warren pressed Hegseth on the alleged prevalence of insider trading related to the Iran War within President Donald Trump's administration, citing reports that there has been a pattern between a surge in oil bets, a Trump post on Truth Social regarding the conflict and then a huge shift in oil prices in the space of minutes with insiders making out like bandits using secret information about the war."
"Hegseth skirted around her question as to whether he had an explanation beyond insider trading, insisting all the work done by the Department of Defense has been completely above board while defending its operational security."
"Warren persisted, rewording her question, 'Have you taken any steps to deal with insider trading out of your office?' Hegseth began to answer, 'I mean, we would ensure at every level that inside information is properly safeguarded' as Warren spoke over him."
"Hegseth's turn to cut her off: 'That entire story is false, has been from the beginning and was made up out of whole cloth. Anybody that looks at it sees how it was worded from the beginning to make it look like I was involved in something I had nothing to do and never have.'"
Sen. Elizabeth Warren questioned Secretary of Defense Pete Hegseth regarding insider trading linked to the Iran War. She cited reports of suspicious oil trading patterns following Trump's social media posts. Hegseth denied any wrongdoing, asserting that the Department of Defense operates transparently. Warren pressed for measures taken against insider trading, to which Hegseth responded about safeguarding information. Warren then addressed Hegseth's financial dealings with defense contractors, prompting Hegseth to label the claims as false and fabricated, denying any involvement in the alleged activities.
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