Topline
The Justice Department is opening a probe into suspiciously timed oil market trades made before announcements about the war in Iran by President Donald Trump and Iranian leaders, ABC News reported citing anonymous sources—including four in March and April which netted traders over $2.6 billion in total.
Traders made over $2.6 billion through four suspicious trades made in March and April, according to an ABC News report.
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Key Facts
News of the DOJ investigation comes only weeks after the Commodity Futures Trading Commission opened an investigation into at least two of the same trades that occurred in March and April, multiple outlets reported.
The Justice Department did not immediately return a request for comment from Forbes.
This is a breaking story and will be updated.