Some people are making money off of dead American soldiers and Iranian schoolchildren. Let’s find out who.
#TrumpLiesPeopleDie
“The five-day period in which Trump promised to hold off on this particular threat—the war itself continues—coincides with the days the stock market is open.
According to The Kobeissi Letter, which analyzes the stock market, the S&P 500 surged upward by 240 points. The price of Brent crude oil dropped to $96 a barrel.
Then Iran denied Trump’s claims and said its leaders had had “no direct or indirect contact” with Trump’s people. Iran’s foreign ministry suggested Trump was trying “to reduce energy prices and to buy time for implementing his military plans.” It said that countries in the region had approached Iran to begin negotiations and that “our response to all of them is clear: we are not the party that started this war, and all such requests should be directed to Washington.”
The S&P fell 120 points and the price of Brent crude rose to about $100 a barrel.
“What is happening here?” wrote Adam Kobeissi about the stock market in his newsletter.
The answer to which social media posters jumped was market manipulation. Economist Paul Krugman suggested the same in a post today, noting that someone who had insider knowledge “could have sold a bunch of crude oil futures, at very high prices, Brent was over $112 over the weekend, then bought them back immediately after Trump’s announcement of triumphal progress, but before the Iranians said that is not happening. And you could have turned a very, very nice, very large profit.”
https://open.substack.com/pub/heathercoxrichardson/p/march-23-2026?r=ce00&utm_medium=ios