Insider Trading Takes Washington
The Free Press • • business
Key Points:
- Between 6:49 a.m. and 6:50 a.m. on Monday, an individual or group purchased 6,200 oil futures contracts worth $580 million just before a major market-moving announcement.
- At 7:04 a.m., President Donald Trump announced on Truth Social that the U.S. would delay bombing Iran’s oil fields and pursue negotiations instead.
- Following the announcement, stock markets surged while Brent crude oil prices dropped sharply from $113 to $96 per barrel.
- Market insiders suspect the large, well-timed trade was not coincidental, with a hedge fund trader describing it as "really abnormal" and suggesting the buyer profited significantly.
- The incident raises concerns about potential insider trading or advanced knowledge of the administration’s decision.
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