Surge in global betting on energy markets seen on Monday morning 15 minutes prior to Donald Trump’s Truth Social post announcing ‘productive’ talks with Iran

A surge in betting on global oil markets just 15 minutes before Donald Trump announced a temporary halt to his airstrikes on Iran this week has sparked claims of insider trading.

Trump said on his Truth Social platform at 7.05 a.m. Monday: “I am please [sic] to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.”

Iran denied any such talks had taken place, branding them “fake news”.

But according to Bloomberg, at least 6 million barrels of Brent and West Texas Intermediate were suddenly sold between 6.49 a.m. and 6.51 a.m, raising suspicions that word of the president’s announcement was leaked in advance.

  • melechric@lemmy.world
    link
    fedilink
    arrow-up
    19
    ·
    3 months ago

    Anyone with more than sawdust between their ears knew he was going to do this. It’s his modus operandi: cause chaos and watch the markets plummet - then buy cheap and reverse course. Markets recover, and he (and his cronies) profit!

  • DaddleDew@lemmy.world
    link
    fedilink
    arrow-up
    12
    ·
    3 months ago

    Fucking called it. This is fraud. I really hope one day the US government justice system will finally do its job and send people to jail over this.

    • givesomefucks@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      ·
      3 months ago

      The trick is not settling for geriatric neoliberals who won’t stop talking about how fondly he remembers “the good old days” when Republicans and him smoked cigars, drank whiskey, and conspiracied to prolong school segregation…

      Or about how nothing could every make him stop supporting a far right ethnistate currently committing genocide…

      Like, most Americans want to hold these asshats accountable. The problem is prior DNCs were rigging primaries. The good news is the modern DNC isn’t pulling that type of shit already, and we’ve been seeing the gains for a minute

  • GuyFawkesV@lemmy.world
    link
    fedilink
    arrow-up
    7
    ·
    3 months ago

    This is complete fucking bullshit. We’d better ex post facto the shit out of this corrupt administration.

    • UnderpantsWeevil@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      3 months ago

      I’ve got Merrick Garland on the phone. He says actually there’s nothing we can do. It’s all perfectly legal and you’re a criminal for going on TikTok to suggest otherwise

    • OccamsRazer@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      3 months ago

      This is standard procedure for politicians and their friends. Acting like it’s just Trump allows the issue to resume after he is gone.

  • TwinTitans@lemmy.world
    link
    fedilink
    arrow-up
    4
    ·
    3 months ago

    Of course it was. This guy measures the success of the country as a whole based off the fucking stock market. Its insanity.