DOJ probes billions’ worth of oil trades timed to Iran war news

The Justice Department and the CFTC are probing a series of highly profitable oil market trades made just ahead of major policy announcements on the Iran war.

The Justice Department and the country’s top commodity market regulator are investigating a series of oil market trades just ahead of major policy announcements from President Donald Trump and Iranian officials, according to a source familiar with the probe.

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The statements and social media posts all pertained to the ongoing U.S.-Israeli war with Iran.

ABC News first reported the investigation earlier Thursday; Reuters first reported the trades themselves in mid-April.