WASHINGTON, D.C. — Sen. Chris Murphy (D-Conn.) is raising concerns about a massive stock trade that occurred minutes before President Donald Trump announced a pause on U.S. strikes targeting Iran’s energy infrastructure.
Murphy pointed to reports showing that roughly $1.5 billion in S&P 500 futures was purchased while nearly $192 million in oil futures was sold shortly before Trump’s announcement. According to market data, millions of barrels of oil were traded within minutes, followed by a sharp drop in prices after the president’s statement.
In a post on X, Murphy questioned whether the trades could indicate insider knowledge, calling the timing “mind blowing corruption” and asking whether anyone connected to the administration may have benefited. No direct evidence has been presented linking the trades to government officials.
The activity also coincided with spikes in international markets, including European indexes, as investors reacted to shifting geopolitical expectations.
The episode has renewed bipartisan calls in Congress to tighten rules on stock trading by elected officials and senior government figures, with several proposals already under consideration.
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