Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Ariana Baio

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

Iran Donald Trump
  • 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 White House to issue a memo cautioning staff against betting on future markets related to the conflict.

IN FULL

DOJ investigating $2.6 billion worth of oil bets placed just before Trump’s Iran war announcements, report says

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Three Investitures in Two Days
Congratulations to Justices Sullivan and Hawkins of the Supreme Court of Texas and Judge Taibleson of the Seventh Circuit.
Reason
Reason
'Lost passion': daughters' secret pain after losing mum
Losing a loved one is always difficult but the loss of a mother can be particularly profound, bringing with it the hidden financial impact of grief.
AAP
AAP
Shark or sea monster? The Canadian marine mystery that still intrigues experts 90 years on
Debate continues to rage over whether a strange carcass found in 1937 was a new species or a basking shark. Either way, the case reveals how little is known about what lies beneath the waves
The Guardian - UK
The Guardian - UK
How the Declaration of Independence Captured American Hearts and Minds
[This post is excerpted from the new book, National Treasure: How the Declaration of Independence Made America (Avid Reader Press/Simon… The post How the Declaration of Independence Captured American Hearts and Minds appeared first on Reason.com.
Reason
Reason
This 26-pocket vest is my key to travel nirvana
If a backpack could be clothing, it would be the capacious Scottevest, a brilliant workaround to pesky TSA rules and airline carry-on restrictions
The Guardian - US
The Guardian - US
“The Unquestionable Futility Of Existence?”: 79 Of The Wildest Real Estate Listings That Made It To The Market (New Pics)
A hot tub next to the kitchen. A bedroom with a bunch of old-timey creepy porcelain dolls. A live horse in the dining room. These are just some of the pictures that real estate agents and homeowners have posted as listings online. While they may not inspire many people to…
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play