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Mystery jump in oil trading ahead of Trump post draws scrutiny (bbc.com)

570 points by psim1 · 160 days ago · 392 comments on HN

Article summary

A significant spike in oil trading occurred minutes before US President Donald Trump announced a postponement of strikes against Iranian energy infrastructure, raising questions about potential insider trading. The price of oil fell sharply after the announcement. Market data shows a large increase in trades on oil contracts just before the president's social media post. The unusual activity has sparked scrutiny and speculation about whether the bets were made with prior knowledge of the decision.

Main themes

  • insider trading
  • US foreign policy
  • corruption
  • elections
  • accountability
  • war and conflict

What commenters say

  • Some argue that the US administration's actions are driven by a desire to enrich themselves and their allies, rather than to serve the public interest.
  • Others believe that the war with Iran is being mismanaged and that the US is failing to protect its allies and project force in the Gulf.
  • There are concerns that the US defense industry is stirring up conflict to maintain its profits, and that this is a major driver of US foreign policy.
  • A few commenters suggest that the US system of government is corrupt and that elections are not an effective way to bring about change, citing the influence of money and the billionaire class.
  • Some express pessimism about the ability of the US system to hold people in power accountable for their actions, citing the lack of prosecution for past wrongdoing.
  • Others argue that the problem is not with the US system of government, but with the current administration and its policies, and that elections can be an effective way to bring about change.
  • A few commenters note that the US is not alone in its problems, and that other countries are also struggling with corruption and inequality.