Peaked at #3 Now #5
CFTC probe into suspicious oil trades halted
Billions in oil and S&P contracts were placed 15 minutes before Trump's Iran U-turn; CFTC staff were told to retract their analysis.
Key points
- Contracts worth billions of dollars betting oil would fall and the S&P 500 would rise were placed about 15 minutes before Trump announced a U-turn on Iran in a post on Truth Social.
- CFTC staff began to investigate the trades, then were told to lay off.
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Reaction on X: Most replies condemn the episode as corruption or kleptocracy, with one calling Trump "one staggeringly corrupt motherfucker" and another saying America is "a full-blown Kleptocracy." One reply adds that the editor on the story shared a gift link.
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From @liamvaughanBBG, @CDRG_RedTeam, @HICKS_M_ and others. Spam removed, with English and Chinese translations.
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