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Wall Street Lunch: DOJ, CFTC Investigate Suspicious $2.6B Oil Trades Tied To Iran Conflict Headlines
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Wall Street Lunch: DOJ, CFTC Investigate Suspicious $2.6B Oil Trades Tied To Iran Conflict Headlines

Seeking Alpha·Wall Street Breakfast·6 months ago
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DOJ investigates multibillion-dollar oil shorts ahead of Iran news. (0:15) McDonald’s tops global comps sales , helped by value meals. (1:22) Amazon expands same-day delivery access for oral Ozempic treatment . (2:19)

This is an abridged transcript of the podcast:

Our top story so far, the Department of Justice, alongside the Commodity Futures Trading Commission, is investigating a series of suspiciously timed oil market trades that occurred just before major announcements regarding the Iran conflict, ABC reports.

Federal officials are examining at least four trades where traders collectively wagered more than $2.6B that oil prices would fall—shortly before they, in fact, did.

The timeline of suspicious activity includes:

March 23: $500M bet placed 15 minutes before U.S.…

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