DOJ probes suspicious oil trades before Iran war announcements
Updated
Updated · KABC-TV · May 7
DOJ probes suspicious oil trades before Iran war announcements
15 articles · Updated · KABC-TV · May 7
ABC said federal officials are examining at least four trades worth more than $2.6bn, with the CFTC also involved and LSEG data showing bets placed minutes before key statements.
The trades included $500m before Trump delayed threatened strikes on Iran's power grid, $960m before a temporary ceasefire, $760m before Tehran said the Strait of Hormuz was open, and $430m before a ceasefire extension.
Investigators have not identified the traders, and the data does not prove insider dealing. The inquiry remains at an early stage, with no public allegation of criminal wrongdoing.
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