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DOJ probes oil market trades before major Trump announcements, Annmarie Hordern reveals
Annmarie Hordern, industry influencer, reports that the U.S. Department of Justice is investigating a series of suspiciously timed trades in the oil market that occurred just before major announcements by U.S. President Donald Trump regarding the war against Iran.
According to sources cited in Hordern's report, the DOJ, together with the Commodity Futures Trading Commission, is looking into at least four such trades where traders collectively profited. The investigation centers on whether these trades were influenced by prior knowledge of policy decisions.
Brent oil prices recently climbed more than 7% to exceed $119.50 per barrel after the Iran war began. Separately, production in the Persian Gulf remains at 14.5 million barrels a day below pre-war levels, according to Goldman. Recovery to full output may still take months.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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