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DOJ probing suspicious multi-million dollar bets related to Iran war

The Independent·Ariana Baio·6 months ago
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Trump says Iran strike ‘would’ve been worth it’ even if oil hit $200

The Department of Justice and the Commodity Futures Trading Commission are reportedly investigating a series of multi-million dollar oil price bets.

These suspicious trades, made between March 23 and April 21, occurred shortly before policy announcements by President Donald Trump and an Iranian official regarding the Iran war.

Traders placed bets totaling over $500 million that oil prices would fall just minutes before Trump announced he would delay an attack on Iran's power grid.

Further large bets, including $960 million before a temporary ceasefire and $760 million before the Strait of Hormuz was declared open, resulted in over $2.6 billion in profits for the traders.

The timing has raised concerns about potential insider trading, leading lawmakers to request an investigation and the…

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