DOJ probing $2.6 billion in oil trades related to Iran war, sources say

[lostincalifornia]

Source: ABC News

The Department of Justice is investigating a series of suspiciously timed trades in the oil market just ahead of major announcements by President Donald Trump and a top Iranian official about the war in Iran, sources told ABC News.

The DOJ, along with the Commodity Futures Trading Commission, is probing at least four of these trades where traders made a total of more than $2.6 billion betting that oil prices would drop right before they did.

On March 23, 15 minutes before Trump announced that he would delay threatened attacks on Iran's power grid, traders bet more than $500 million that oil prices would fall.

On April 7, hours ahead of a temporary ceasefire announced by Trump, traders bet $960 million that oil prices would fall.

Read more: https://abcnews.com/US/doj-probing-26-billion-oil-trades-related-iran/story?id=132738007

[Turbineguy]

1. Wrong people are getting rich?

[NoMoreRepugs]

3. Somebody's powerful supercomputer is recognizing the conmen's trades and piling on maybe?

Conmen don’t appreciate that.

[Timewas]

6. Bingo n/t

[GusBob]

9. It could very well be, and there may be broader implications

Foreign agents, say Isreal are tapped into Trumps phone

This could be a huge scandal. Even bigger than it already is

[displacedvermoter]

2. Round up the usual suspects.....

[melm00se]

4. If a Trump loyalist

is found to be the one, the investigation will quietly close.

Anyone else?

They will be paraded around in front of the right-wing news media, who will laud Trump for being the single most honest, law and order president in the last 10,000,000 years.

[GusBob]

10. Unless its spies tapping into Trumps phone

Then its on the White House, and impeachable

What else are they privvy to?

[Miguelito Loveless]

5. Pretending to investigate

They know who made the trades and they are beyond the law. They may burn a few small fry.

[SamuelAdams]

7. Are they looking for "donations" to stop the probes?

They were obviously his supporters so he'll let them do whatever they want. Them pretending to care about corruption when their allies benefit is a joke.

[PSPS]

8. Yup, you gatta pay trump his vig or he'll be after you!

[riversedge]

11. .....The series of oil trades was first reported by Reuters and the data from LSEG does not indicate any identities behi

Hard to believe Trumps DOJ is investigating this issue!!


............On April 21, 15 minutes before Trump announced he would extend the ceasefire, traders placed a series of bets worth $430 million that oil prices would fall.
https://abcnews.com/US/doj-probing-26-billion-oil-trades-related-iran/story?id=132738007


The series of oil trades was first reported by Reuters and the data from LSEG does not indicate any identities behind these trades and does not prove individuals were trading based on insider information.

This is a developing story. Please check back for updates.

[Prairie Gates]

12. Trump Inc. didn't get a cut? Trump has turned the DOJ into a mafia enforcement arm

They've disgraced themselves.

[wolfie001]

16. Just pay the fatso fraudster and all will be fine

[Martin68]

13. The corruption is so obvious it is being documented and reported in newspapers all over the world, making it impossible

to ignore. Something's gotta give.

[50 Shades Of Blue]

14. "probing"

[wolfie001]

15. Department of Injustice