Treasury Sanctions Iraqi Oil Official as DOJ Probes $2.6 Billion Iran Trade Mystery
BeInCrypto
The U.S. sanctioned an Iraqi oil official and is probing $2.6 billion in oil trades linked to Iran.Summary
The U.S. Treasury has sanctioned Iraq's Deputy Oil Minister, Ali Maarij Al-Bahadly, and three Iran-backed militia leaders as part of Operation Economic Fury, accusing them of funneling Iraqi crude to Iran. Simultaneously, the Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC) are investigating approximately $2.6 billion in oil trades that appear to have profited from advance knowledge of presidential announcements related to Iran. These investigations are examining suspicious, timed bearish oil bets placed shortly before de-escalation announcements during the 2026 Iran conflict, raising concerns about potential information leaks.
(Source：BeInCrypto)