The Financial Times is reporting that oil futures contracts worth around $580 million were traded just minutes before President Trump’s social media post about alleged peace talks with Iran earlier this week. Separately, Democratic Senator Chris Murphy wrote that $1.5 billion in S&P 500 futures were sold minutes before President Trump announced his five-day pause on attacking Iran’s power plants. Senator Murphy wrote on X, “$1.5 BILLION. Let me say it again–a $1.5 BILLION BET. Bigger than any futures purchases made at the time. 5 minutes before Trump’s post. Who was it? Trump? A family member? A White House staffer? This is corruption. Mind blowing corruption.”

CNN is reporting that an unknown trader made $1 million from dozens of bets about Iran on the prediction market platform Polymarket.

Meanwhile, House Republicans on Wednesday blocked a Democratic motion to subpoena Donald Trump Jr. over his venture capital firm investing in a rare earth minerals company months before it received a $620 million loan from the Pentagon.