US probes suspicious oil trades linked to Iran war announcements - ABC
The US Justice Department is investigating a series of oil market trades placed shortly before major announcements related to the Iran war by President Donald Trump and Iranian officials, ABC News reported on Thursday, citing sources.
ABC said federal investigators and the Commodity Futures Trading Commission were examining at least four trades worth more than $2.6 billion that bet oil prices would fall shortly before key public statements that later pushed prices lower.
The report said the trades took place ahead of announcements including delays to possible US strikes on Iran, ceasefire extensions and statements about the Strait of Hormuz remaining open.
