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The Independent UK
The Independent UK
Ariana Baio

DOJ investigating $2.6 billion worth of oil bets placed just before Trump’s Iran war announcements, report says

The Department of Justice and a federal agency that oversees certain betting markets are reportedly probing a series of bets on oil prices that were placed shortly before President Donald Trump and an Iranian official made policy announcements regarding the Iran war.

Between March 23 and April 21, four multi-million-dollar trades were made betting that oil prices would drop right before they did. The traders who acted on these made more than $2.6 billion.

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