DOJ Probes $2.6B in Oil Bets Made Before Trump Iran Announcements
The Department of Justice is reportedly investigating billions of dollars in oil trades executed shortly before Donald Trump made announcements regarding military action against Iran.
2 sources
The United States Department of Justice is reportedly investigating $2.6 billion worth of oil market bets. According to reports, these substantial financial trades were placed just before Donald Trump made public announcements concerning a potential war with Iran.[1][2]
The investigation includes a specific trading event that took place in March. Minutes before Trump stated he would delay a planned military attack on Iran, traders wagered more than $500 million that the price of oil would fall.[2]
