US Congressman Calls for Investigation into Oil Trades Ahead of Iran Ceasefire Announcement
US Congressman Ritchie Torres has urged regulators to investigate large oil trades made shortly before the announcement of a U.S.-Iran ceasefire, which caused a significant drop in crude prices. The trades, worth around $950 million, were placed just hours before the ceasefire was announced, raising concerns about potential market manipulation. Other Democrats have also called for scrutiny of trades around major policy events.
Topics: Congressional action market manipulation oil trades regulatory probe U.S.-Iran ceasefire