(NewsNation) — An internet source who runs a Pelosi tracking website says the way oil trading and betting is being done around key moments in the war against Iran is “suspicious.”
“I don’t know whether to buy the bottom perfectly or sell the top perfectly,” Autopilot founder Chris Josephs told “Katie Pavlich Tonight” on Monday. “I think if you do it four times in a row, it starts to get a little fishy, like, ‘Okay, lie to me once, shame on me. Fool me twice, shame on you.'” I think every time it just kind of comes naturally as well. “
Since the conflict began in March, the Justice Department has stepped up its investigation into oil trading and betting that may have used insider information.
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The transactions and bets discovered include:
– In late March, just minutes before President Trump announced he was delaying an attack on Iran’s power infrastructure
-Before Trump announced a tentative ceasefire with Iran
– Before news broke that Trump and Iranian officials discussed reopening the Strait of Hormuz
– When Trump extends ceasefire with Iran
These moves have had a significant impact on oil prices, but Josephs believes whoever is behind these transactions will be harder to trace.
“So these types of deals are not as public as what we see from politicians,” he said.
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“These could be individuals, private institutions, hedge funds, people of that nature that I would assume would be making these trades, but I don’t know where they would get their information from. I don’t know how they would necessarily do it.”
Josephs applauded the direction of the Justice Department’s investigation; but still believes other challenges are coming.
“I don’t necessarily know how the Department of Justice investigates these types of large block trades, particularly around oil, because it’s all done in what’s akin to a private black market, for lack of a better way to describe it,” Josephs said. “They’re not looking to buy Exxon Mobil stock that they own. But buying individual stocks is an easier way to track Exxon Mobil stock.”
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