White House Warns Staff Against Using War Intel for Market Bets

1 min read
Source: The New York Times
White House Warns Staff Against Using War Intel for Market Bets
Photo: The New York Times
TL;DR Summary

The White House sent an email on March 24 warning staff not to trade on insider information about the Iran war after a surge of suspicious, well-timed trades in oil futures, prediction markets and stocks ahead of key moments. The caution follows President Trump’s threats to bomb Iranian civilian infrastructure and a spike in market activity, including about $580 million in oil futures bought minutes before his announcement, underscoring concerns about using confidential information for profit.

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