Ups and downs in the war with Iran may have been an opportunity for insiders betting on oil prices to make a killing, according to a new report.
The report from ABC News said the Department of Justice is taking a close look at several oil market trades that came just before critical moments in the war with Iran.
In four transactions under review, the Justice Department and the Commodity Futures Trading Commission are examining trades that netted more than $2.6 billion to individuals who bet oil prices would drop immediately before they did so.
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From the start of the conflict on Feb. 28, the oil market has been up and down depending upon Iran’s strategy, America’s response, and expectations that oil might again flow freely.
The London Stock Exchange Group highlighted the trades, which began on March 23, when 15 minutes before President Donald Trump announced a delay on
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