Regulators looking at three firms over multimillion-dollar trades before Trump’s Iran war announcement, report says
Several financial firms that profited from well-timed oil trades, made shortly before President Donald Trump announced new developments in the Iran war, are being looked at by the Commodity Futures Trading Commission, according to a new report.
Moments before Trump announced he would postpone bombing Iran’s infrastructure on March 23, more than $800 millon worth of oil futures were exchanged – with at least three firms profiting from more than $15 million combined, according to data and records seen by the Wall Street Journal.
A similar pattern has emerged over the last few months, with a volume of trades made on April 7, hours before Trump announced a temporary ceasefire with Iran; April 17, minutes before Iran’s Foreign Minister announced the Strait of Hormuz was open; and April 21, minutes before Trump announced he would extend the ceasefire with Iran.
It’s led the Commodity Futures Trading Commission, an independent agency that regulates futures, swaps and bets, to open an inquiry ..
