DOJ Investigating Who Cashed In On Trump’s Iran War Posts

The Justice Department is investigating suspiciously timed oil market trades made before significant announcements by President Trump and Iranian leaders regarding the war in Iran. Citing anonymous sources, ABC News reported that investigators are examining at least three bets on oil prices. These bets, placed just before Trump announced ceasefire extensions and before Iran's foreign minister claimed the Strait of Hormuz reopened, netted traders over $2.6 billion. This DOJ probe follows a Commodity Futures Trading Commission investigation into at least two of the same trades from March and April. One suspicious trade on March 23rd, worth $500 million, bet on falling oil prices and rising stock futures, occurring 15 minutes before Trump postponed attacks on Iran. A similar $950 million bet on April 7th preceded a US-Iran ceasefire announcement. The DOJ is also reviewing an April 17th trade, valued at $760 million, made before Iran's foreign minister announced the Strait of Hormuz reopening, and an April 21st trade before another Trump ceasefire extension. The London Stock Exchange data cited doesn't identify traders or prove insider trading.