The U.S. Justice Department is investigating several highly profitable oil-market trades made shortly before public moves and statements related to the war with Iran during the Trump administration. Multiple outlets, citing ABC News and NBC News reporting, say the probe focuses on at least four trades—made in March and April—whose timing suggests traders may have acted on information ahead of major announcements. Reported proceeds from the trades total about $2.6 billion, according to ABC News reporting. NBC News also reports that the Justice Department is working with the Commodity Futures Trading Commission (CFTC) on the inquiry. Other reporting describes a larger figure: transactions ahead of Iran-war news totaling roughly $7 billion, with observers characterizing the activity as appearing “well informed.” Separate accounts include examples involving minutes before Trump said he would delay an attack on Iran in March. Authorities are examining whether the trading involved improper conduct, with the Trump administration having warned against insider trading. The investigations are described as ongoing, and no specific individuals or firms are identified in the reports.