The US Department of Justice is investigating a series of suspiciously timed oil market trades, focusing on at least four transactions made just before major announcements by US President Donald Trump on the war with Iran.
The DOJ and the Commodity Futures Trading Commission are probing bets totalling more than $2.6 billion placed on falling oil prices shortly before they dropped. According to data obtained by ABC News, on March 23, 15 minutes before Trump said he would delay strikes on Iran's power grid, traders wagered over $500 million on a price drop. On April 7, hours before a temporary ceasefire, $960 million was bet. On April 17, $760 million was wagered minutes before Tehran said the Strait of Hormuz was open. On April 21, $430 million followed.
https://breakingthenews.net/Article/DoJ-may-focus-on-4-bets-in-dollar2.6B-oil-trade-probe/66243407
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.