Stop what you are doing because you need to read this.
Billions of dollars in oil trades were perfectly timed to Trumpβs decision to back off attacking Iranian power plants.
Trump announced the reversal just 15 minutes after those trades were placed. Stocks surged while oil prices plummeted, setting up whoever placed those bets to make a fortune.
Career analysts at the CFTC, the agency responsible for policing these markets, did exactly what they were supposed to do: they started digging.
And what they found was serious enough to refer the trades for a potential insider trading investigation. That is, until a senior advisor to a Trump appointee shut it down.
Congress needs answers about who made these bets, who had advanced knowledge of Trumpβs decision, and why political leadership at the CFTC stepped in.