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DOJ, CTFC Investigating $2.6 Billion In Suspicious Iran War Oil Trades
DOJ, CTFC Investigating $2.6 Billion In Suspicious Iran War Oil Trades
U.S. authorities are investigating more than $2.6 billion in oil futures shorts that landed within minutes of major announcements tied to the 2026 U.S.-Iran conflict. The Department of Justice (DOJ) has joined the Commodity Futures Trading Commission (CFTC) in a widening inquiry into potential misuse of material non-public information in one of the most liquid and geopolitically sensitive commodity markets on earth, ABC News reports.
The trades in question involved bets that oil prices would fall shortly before major U.S. or Iranian...
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