Latest Breaking News

lostincalifornia

(5,546 posts) Thu May 7, 2026, 08:07 AM May 7

DOJ probing $2.6 billion in oil trades related to Iran war, sources say

Source: ABC News

The Department of Justice is investigating a series of suspiciously timed trades in the oil market just ahead of major announcements by President Donald Trump and a top Iranian official about the war in Iran, sources told ABC News.

The DOJ, along with the Commodity Futures Trading Commission, is probing at least four of these trades where traders made a total of more than $2.6 billion betting that oil prices would drop right before they did.

On March 23, 15 minutes before Trump announced that he would delay threatened attacks on Iran's power grid, traders bet more than $500 million that oil prices would fall.

On April 7, hours ahead of a temporary ceasefire announced by Trump, traders bet $960 million that oil prices would fall.

Read more: https://abcnews.com/US/doj-probing-26-billion-oil-trades-related-iran/story?id=132738007

16 replies

= new reply since forum marked as read

Highlight:

DOJ probing $2.6 billion in oil trades related to Iran war, sources say (Original Post) lostincalifornia May 7 OP

Wrong people are getting rich? Turbineguy May 7 #1

Somebody's powerful supercomputer is recognizing the conmen's trades and piling on maybe? NoMoreRepugs May 7 #3

Bingo n/t Timewas May 7 #6

It could very well be, and there may be broader implications GusBob May 7 #9

Round up the usual suspects..... displacedvermoter May 7 #2

If a Trump loyalist melm00se May 7 #4

Unless its spies tapping into Trumps phone GusBob May 7 #10

Pretending to investigate Miguelito Loveless May 7 #5

Are they looking for "donations" to stop the probes? SamuelAdams May 7 #7

Yup, you gatta pay trump his vig or he'll be after you! PSPS May 7 #8

.....The series of oil trades was first reported by Reuters and the data from LSEG does not indicate any identities behi riversedge May 7 #11

Trump Inc. didn't get a cut? Trump has turned the DOJ into a mafia enforcement arm Prairie Gates May 7 #12

Just pay the fatso fraudster and all will be fine wolfie001 May 7 #16

The corruption is so obvious it is being documented and reported in newspapers all over the world, making it impossible Martin68 May 7 #13

"probing" 50 Shades Of Blue May 7 #14

Department of Injustice wolfie001 May 7 #15

Turbineguy

(40,214 posts)

1. Wrong people are getting rich?

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 08:12 AM

May 7

NoMoreRepugs

(12,234 posts)

3. Somebody's powerful supercomputer is recognizing the conmen's trades and piling on maybe?

Reply to Turbineguy (Reply #1)

Thu May 7, 2026, 08:27 AM

May 7

Conmen don’t appreciate that.

Timewas

(2,779 posts)

6. Bingo n/t

Reply to Turbineguy (Reply #1)

Thu May 7, 2026, 09:15 AM

May 7

GusBob

(8,304 posts)

9. It could very well be, and there may be broader implications

Reply to Turbineguy (Reply #1)

Thu May 7, 2026, 10:32 AM

May 7

Foreign agents, say Isreal are tapped into Trumps phone

This could be a huge scandal. Even bigger than it already is

displacedvermoter

(5,011 posts)

2. Round up the usual suspects.....

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 08:25 AM

May 7

melm00se

(5,173 posts)

4. If a Trump loyalist

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 08:46 AM

May 7

is found to be the one, the investigation will quietly close.

Anyone else?

They will be paraded around in front of the right-wing news media, who will laud Trump for being the single most honest, law and order president in the last 10,000,000 years.

GusBob

(8,304 posts)

10. Unless its spies tapping into Trumps phone

Reply to melm00se (Reply #4)

Thu May 7, 2026, 10:33 AM

May 7

Then its on the White House, and impeachable

What else are they privvy to?

Miguelito Loveless

(5,927 posts)

5. Pretending to investigate

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 09:06 AM

May 7

They know who made the trades and they are beyond the law. They may burn a few small fry.

SamuelAdams

(205 posts)

7. Are they looking for "donations" to stop the probes?

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 09:16 AM

May 7

They were obviously his supporters so he'll let them do whatever they want. Them pretending to care about corruption when their allies benefit is a joke.

PSPS

(15,376 posts)

8. Yup, you gatta pay trump his vig or he'll be after you!

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 10:26 AM

May 7

riversedge

(81,568 posts)

11. .....The series of oil trades was first reported by Reuters and the data from LSEG does not indicate any identities behi

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 10:40 AM

May 7

Hard to believe Trumps DOJ is investigating this issue!!

............On April 21, 15 minutes before Trump announced he would extend the ceasefire, traders placed a series of bets worth $430 million that oil prices would fall.
https://abcnews.com/US/doj-probing-26-billion-oil-trades-related-iran/story?id=132738007

The series of oil trades was first reported by Reuters and the data from LSEG does not indicate any identities behind these trades and does not prove individuals were trading based on insider information.

This is a developing story. Please check back for updates.

Prairie Gates

(8,479 posts)

12. Trump Inc. didn't get a cut? Trump has turned the DOJ into a mafia enforcement arm

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 10:42 AM

May 7

They've disgraced themselves.

wolfie001

(7,979 posts)

16. Just pay the fatso fraudster and all will be fine

Reply to Prairie Gates (Reply #12)

Thu May 7, 2026, 12:57 PM

May 7

Martin68

(28,080 posts)

13. The corruption is so obvious it is being documented and reported in newspapers all over the world, making it impossible

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 10:53 AM

May 7

to ignore. Something's gotta give.

50 Shades Of Blue

(11,504 posts)

14. "probing"

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 11:38 AM

May 7

wolfie001

(7,979 posts)

15. Department of Injustice

Reply to lostincalifornia (Original post)

Thu May 7, 2026, 12:56 PM

May 7

Reply to this discussion

Kick in to the DU tip jar?

This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.

As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.