Huge Timed Oil Bets Spark Insider-Trading Fears Amid Iran Tensions
Reuters analysis finds about $7 billion in four large bets on Brent, WTI, diesel and gasoline futures placed roughly 15–20 minutes before major Iran–U.S. announcements, triggering sharp price moves and fueling insider-trading concerns; many accounts were newly created with win rates up to 93%, prompting DOJ and CFTC probes that face enforcement hurdles as online prediction markets proliferate.