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Catherine Rampell@crampell.bsky.social

Billions of dollars’ worth of contracts predicting oil would fall and the S&P 500 would rise were placed about 15 minutes before Trump announced a U-turn on Iran in a post on Truth Social. CFTC staff began to investigate...then were told to lay off. www.bloomberg.com/news/feature...

bloomberg.comCFTC Staff Were Told to Retract Analysis of Suspicious Oil TradesChairman’s adviser intervened to take over examination of lucrative bets that were made around Trump reversal on Iran power plant attack.