Federal investigators are looking into a massive and suspicious trade in the oil markets that happened just before a major announcement about the conflict with Iran. On March 23, data from LSEG shows that at 6:50 a.m., more than $800 million was placed as a bet on oil prices falling.
Just 15 minutes later, President Donald Trump posted on social media that the White House and Iran had “very good and productive conversations” about ending hostilities. Oil prices then dropped by more than 10 percent, potentially earning the trader or traders involved tens of millions of dollars.
