DOJ probing $2.6 billion in oil trades related to Iran war, sources say
Signage during a news conference at the Department of Justice in Washington, DC, US, on Monday, May 4, 2026. (Photographer: Daniel Heuer/Bloomberg via Getty Images)
(WASHINGTON) — The Department of Justice is investigating a series of suspiciously timed trades in the oil market just ahead of major announcements by President Donald Trump and a top Iranian official about the war in Iran, sources told ABC News.
The DOJ, along with the Commodity Futures Trading Commission, is probing at least four of these trades where traders made a total of more than $2.6 billion betting that oil prices would drop right before they did.
The DOJ and CFTC have not commented on the trades.
ABC News obtained the data of the four trades from the London Stock Exchange Group.
On March 23, 15 minutes before Trump announced that he would delay threatened attacks on Iran’s power grid, traders bet more than $500 million that oil prices would fall.
On April 7, hours ahead of a temporary ceasefire announced by Trump, traders bet $960 million that oil prices would fall.
On April 17, 20 minutes before Iran’s Foreign Minister Abbas Araghchi posted on social media saying that the Strait of Hormuz was open, traders bet $760 million that oil prices would fall.
On April 21, 15 minutes before Trump announced he would extend the ceasefire, traders placed a series of bets worth $430 million that oil prices would fall.
The series of oil trades was first reported by Reuters and the data from LSEG does not indicate any identities behind these trades and does not prove individuals were trading based on insider information.
Daughter of former FBI Director James Comey, Maurene Comey, leaves the Albert V. Bryan United States Courthouse on November 13, 2025 in Alexandria, Virginia. (Alex Wong/Getty Images)
(NEW YORK) — A federal judge in New York on Tuesday blocked the Justice Department’s attempt to move Maurene Comey’s lawsuit over her firing as a federal prosecutor out of court.
Comey, the daughter of former FBI director James Comey, has joined a private law practice but is suing for unlawful termination after she was fired last year from the U.S. Attorney’s Office for the Southern District of New York.
The Justice Department argued that her case belongs before the Merit Systems Protection Board and not in federal district court.
Judge Jesse Furman decided the case belongs with him because Comey was fired pursuant to the president’s executive authority and not the usual procedures for civil servants.
“Maurene Comey was, by all accounts, an exemplary Assistant United States Attorney. In her nearly ten years working at the United States Attorney’s Office for the Southern District of New York, she was assigned some of the country’s highest profile cases, and she consistently received the highest accolades from supervisors and peers alike,” the judge’s opinion said.
“Comey was notified by email from Department of Justice officials in Washington, D.C., that her employment was terminated, effective immediately,” the judge wrote. “She was given one and only one reason for her removal: Article II of the U.S. Constitution, which ‘vest[s]’ the ‘executive Power’ in the President.”
The DOJ, in court filings, has characterized Comey’s case as routine.
“A federal employee’s claims that removal from federal service was arbitrary and capricious or conducted in a manner that did not provide the process to which they contend they were due is not a novel issue,” government attorneys said.
Comey, who prosecuted high-profile defendants including Sean Combs, Robert Hadden, Jeffrey Epstein and Ghislaine Maxwell, alleged she was fired “because her father is former FBI Director James B. Comey, or because of her perceived political affiliation and beliefs, or both.”
Kouri Richins who is accused of poisoning her husband with a lethal dose of fentanyl appears in court with her lawyers for a detention hearing, June 12, 2023. (ABC News)
(SUMMIT COUNTY, Utah) — When Laura, the foreperson in Kouri Richins’ murder trial, first saw the mother accused of murdering her husband, she didn’t think much of her.
“She was kind of nondescript,” she told ABC News’ “Good Morning America” in an exclusive interview. “She didn’t really show that much emotion. I was trying to get some vibe from her and it was very hard to pick up any kind of vibe.”
The foreperson was one of eight jurors in Summit County, Utah, who convicted Richins this week of murdering her husband, Eric, with a fatal dose of fentanyl in March 2022.
Richins, 35, who after her husband’s death self-published a children’s book on grieving, was found guilty on all five counts, including aggravated murder and attempted aggravated murder.
“There was never a not guilty check with anything, with any element, nothing,” the foreperson, Laura, who was juror No. 2, told ABC News of the 3-hour jury deliberations on Monday.
“Even though it was just three hours, I felt like we came into that deliberation fully loaded,” she said, adding, “To evaluate the case and to look at the evidence we had to zoom in on these little bits of evidence and kind of ignore all the fluff and ignore the drama.”
Richins in 2023 self-published her children’s book, which she said was intended to help her sons with their loss.
A month prior to her arrest in May 2023, the mom of three young sons appeared on a “Good Things Utah” segment on Salt Lake City ABC affiliate KTVX to promote the book. In the segment, Kouri Richins said her husband of nine years died “unexpectedly” and that his death “completely took us all by shock.
The jurors were shocked when they were told about the book in the final days of testimony at the trial, Laura told ABC News.
“Everyone just felt like they’re hit with a truck,” she said. “We’re like, what? What the hell is this? It was so odd and so strange.”
Richins did not testify during the three-week trial and the defense called no witnesses.
The prosecution alleged she was having an affair, was deep in debt and was desperate to inherit her husband’s estate and life insurance.
The jury found her guilty of aggravated murder and attempted aggravated murder, along with three other counts. Two were for insurance fraud connected to life-insurance policies and a third was for forgery, for forging her husband’s signature on documents.
Sentencing is scheduled for May 13 and Richins could receive 25 years to life.
“People were really sad, because they did not want to find her guilty,” Laura told ABC News of her fellow jurors. “They were really hoping that she was innocent. And we couldn’t come to that conclusion, and it was really heartbreaking.”
She added, “This devastating reality that this family was torn apart and these poor kids will really basically never have a dad or mom.”
Ice chunks float in the Hudson River in front of the skyline of midtown Manhattan and the Empire State Building in New York City as seen from Hoboken, New Jersey, Jan. 26, 2026. (Gary Hershorn/ABC News)
The details are not yet clear, but here is what the forecast shows so far:
On Friday afternoon and night, a low-pressure system may bring snow to parts of Tennessee and Kentucky.
On Saturday, snow is expected from Georgia to Maryland. Snow totals are not yet clear, but everyone along the coast from Atlanta to Baltimore should be prepared for heavy snow.
Major travel impacts are possible on Saturday at Charlotte Douglas International Airport in North Carolina.
Strong, potentially damaging winds are also possible in Alabama, Georgia, and Florida.
On Sunday, the storm could take two paths.
If it heads out to sea, Sunday will be mostly dry for the East Coast, though gusty winds and coastal erosion will still be possible.
If the system hugs the coast, a nor’easter will bring snow to coastal areas of the Mid-Atlantic and Northeast. The snow would hit most of Sunday and end overnight into Monday.
