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Regulators are investigating whether traders had advance knowledge of Trump's March 26 announcement about US military actions against Iran.
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The Commodity Futures Trading Commission is investigating more than $800 million in oil futures trades that landed just days before President Trump surprised markets with a social media post about US military actions against Iran. The timing has raised a question regulators take very seriously: did someone know what was coming?
The trades in question were executed on March 23, three days before Trump’s March 26 post revealed that the US had called back planned strikes on Iran. That announcement jolted crude oil prices, and anyone positioned correctly beforehand would have been sitting on a very profitable bet.
