US Probing $2.6 Billion in Oil Trades Tied to Iran War, ABC Says

The US Justice Department and Commodity Futures Trading Commission are probing at least four suspicious transactions in the oil market where traders made more than $2.6 billion, ABC News reported on Thursday.

Bloomberg reported in April the CFTC was investigating a series of suspicious trades in the oil futures market ahead of recent policy pivots by President Donald Trump related to the Iran war. That probe included trading of oil futures contracts on platforms belonging to CME Group Inc. and Intercontinental Exchange Inc.

Read More: US Probes Suspicious Oil Trades Made Before Trump Pivots

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