politics
U.S. Congress Seeks Answers on Oil Traders' Iran-Related Bets
U.S. Congress has asked for information on whether traders had advance knowledge of developments affecting oil markets. The inquiry follows reports of large profits from positions taken before recent events involving Iran.
May 17, 5:14 AM·1m read1 source
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U.S. Congress has requested information on whether certain traders possessed confidential details about oil market developments tied to Iran. The inquiry focuses on bets placed before recent events that produced substantial gains for some participants.
The request seeks details on trading activity in oil-related instruments. Lawmakers want to determine if the timing of the positions indicates access to non-public information.
Reports indicate that some traders recorded millions in profits from well-timed positions. The scale of the gains has prompted questions about how the trades were executed. U.S. Congress has demanded answers regarding possible confidential information on the oil market.
Transparency
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