Federal authorities are investigating suspicious oil trades that preceded major Trump administration policy shifts on Iran, according to a source familiar with the matter. The probe centers on whether traders or connected individuals acted on advance knowledge of policy decisions before they were publicly announced, potentially constituting insider trading or front-running on material non-public information. Oil markets are acutely sensitive to Iran-related policy signals: sanctions announcements or diplomatic pivots can move crude prices sharply within hours, creating significant profit opportunities for anyone with foreknowledge. The investigation's existence raises immediate questions about information security within the administration and the chain of access to pre-announcement policy deliberations. Depending on scope and findings, the probe could trigger enforcement actions under securities or commodities law, draw in the CFTC or DOJ, and intensify scrutiny on politically connected trading activity. Watch for subpoenas, trading records requests, or personnel disclosures as indicators of how aggressively investigators are pursuing the case.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
