"If a spy were giving our adversaries this kind of info, we'd certainly call it treason. So why not use the same language now?"
"You could sell a bunch of oil futures at 6:30 in the morning at let's say $98 a barrel, and actually you could even sell oil futures you don't have."
"When the president rolled out and then clawed back 'Liberation Day' tariffs a year ago, some wondered whether Trump was putting the country on a financial roller coaster."
President Trump threatened Iranian power plants, causing a spike in oil market activity before retracting his ultimatum. This raised suspicions of insider trading, as significant profits were made from trading oil futures. Economist Paul Krugman noted that similar patterns occurred during previous White House decisions, suggesting a potential financial advantage for certain individuals. The situation highlights concerns about the intersection of national security and financial markets, with implications of treason if information was leaked for profit.
Read at Slate Magazine
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