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Articles served from sundayguardianlive.com

CFTC Probes Suspicious Oil Trades Worth Nearly $1 Billion Placed Before Trump Iran Ceasefire Announcements; White House Warned Staff Against Using Nonpublic Information

The U.S. Commodity Futures Trading Commission is investigating a series of oil futures trades that were placed shortly before major policy shifts by President Donald Trump related to the war in Iran, a person familiar with the matter said on Wednesday. The probe focuses on trading of oil futures contracts on platforms belonging to CME Group and Intercontinental Exchange, with investigators examining at least two instances of trades made on March 23 and April 7. The data requested from the exchanges includes the so-called Tag 50 identifications of the entities behind the trades, which would allow regulators to trace the individuals or firms that placed the bets. A spokesperson for the CFTC declined to comment on the matter. ICE and CME did not immediately respond to requests for comment. What Trades Are Being Investigated? On March 23, oil and stock futures worth billions of dollars were traded approximately 15 minutes before Trump announced that previously threatened strikes on Iranian energy infrastructure would be delayed. The president’s comments in a Truth Social post sent crude prices plummeting and equities soaring. A similar pattern was observed ahead of Trump’s April 7 announcement of a two-week ceasefire with Iran. Futures activity increased significantly in the hours before the news, which caused both oil and gas prices to plunge. Investors placed an estimated $950 million bet on falling oil prices just hours before the ceasefire was announced. How Much Money Was at Stake? Approximately $760 million worth of oil futures contracts changed hands in less than two minutes following the March 23 announcement, according to Dow Jones Market Data. The April 7 trades were even larger, with nearly $1 billion in downside bets placed shortly before the ceasefire news broke. If the trades were based on advance knowledge of the policy shifts, the profits could run into the tens of millions of dollars. The CFTC is working to determine whether the trades were legitimate market positioning or whether they involved the misuse of material non-public information. What Has the White House Said? The White House circulated an internal memo to staff on March 24, the day after the first suspicious trades, warning employees against improperly leveraging their positions to place bets in futures markets. The email, sent by the White House management office, reminded staff that ethics rules prohibit government employees from using nonpublic information for financial gain. White House spokesman Davis Ingle dismissed allegations of wrongdoing, telling the Wall Street Journal that “the only special interest that will ever guide President Trump is the best interest of the American people.” He added that “President Trump has been crystal clear: while he seeks a strong and profitable stock market for everyone, members of Congress and other government officials should be prohibited from using nonpublic information for financial benefit.” What Are Lawmakers Saying? Senator Elizabeth Warren and Senator Sheldon Whitehouse have both called on the CFTC to investigate the unusual trading activity. In a letter to the CFTC chairman, Warren noted that the March 23 activity erupted in the minutes before Trump announced talks with Iran, with no public catalyst that would have signaled the move. Representative Ritchie Torres pushed regulators on Tuesday to investigate the burst of oil market activity that hit within a one-minute window ahead of the ceasefire announcement. The lawmakers argue that the timing raises serious questions about whether government information has been leaking ahead of time. What Is the CFTC’s Position on Insider Trading? CFTC Enforcement Director David Miller said in late March that the agency was monitoring oil futures trading for potential irregularities, while declining to comment on any specific investigations. Miller has made clear that insider trading violates the Commodity Exchange Act and the agency’s regulations’ anti-fraud provisions, and that the division will aggressively detect, investigate and, where appropriate, prosecute insider trading. The CFTC has identified energy markets as a particular area of focus, with Miller characterizing manipulation there as “particularly and perhaps uniquely harmful” given the broad inflationary effects of energy price increases. What Happens Next? The CFTC can request data directly from CME for WTI trades since Nymex is based in New York. However, any request regarding Brent crude trades needs to be made via the UK’s Financial Conduct Authority because Brent trades in London. The investigation is ongoing, and no charges have been filed. FAQs: CFTC Oil Trading Investigation Q: What trades is the CFTC investigating? A: Oil futures trades placed shortly before Trump’s March 23 announcement delaying strikes on Iran and his April 7 announcement of a two-week ceasefire. Q: How much money was involved? A: Approximately $760 million in oil futures traded before the March 23 announcement, and nearly $1 billion in downside bets before the April 7 ceasefire. Q: What is the CFTC looking for? A: Whether traders used material non-public information to profit from the policy shifts. Q: Has the White House responded? A: Yes. The White House sent an internal memo warning staff against using nonpublic information for financial gain. Q: What have lawmakers said? A: Senators Warren and Whitehouse and Representative Torres have all called for investigations into the suspicious trading. Q: What is the CFTC’s position on insider trading? A: The agency has made insider trading a top enforcement priority and is actively monitoring energy markets. Disclaimer: This information is based on inputs from news agency reports. TSG does not independently confirm the information provided by the relevant sources. The post CFTC Probes Suspicious Oil Trades Worth Nearly $1 Billion Placed Before Trump Iran Ceasefire Announcements; White House Warned Staff Against Using Nonpublic Information appeared first on The Sunday Guardian.

Apr 15, 202620 votes

Who is Luke Gulbranson? Summer House Reality Star Enters Minnesota Congress Race Against Pete Stauber; Check Luke’s Age, Career, Net Worth

Reality television personalities stepping into politics is no longer unusual, but the decision by Summer House star Luke Gulbranson to run for Congress has drawn particular attention. The Minnesota native has announced a Democratic bid for Minnesota’s 8th Congressional District, setting up a potential showdown with Republican incumbent Pete Stauber and the race is already attracting interest because the district has leaned Republican in recent cycles. According to recent election data, the region backed Donald Trump by over 10% points in 2020, making Gulbranson’s challenge an uphill battle. Who is Luke Gulbranson? Luke Gulbranson gained recognition through Bravo’s Summer House and later appeared in Selling the OC. He born and raised in Eveleth, Minnesota He is former hockey coach and instructor He is an Actor, model and entrepreneur He is founder of a maple syrup business targeting retail expansion Splits time between Minnesota, Los Angeles and New York Despite his entertainment career, Gulbranson often emphasizes his working-class upbringing in Minnesota’s Iron Range. Why Gulbranson Is Entering Politics Gulbranson says personal experience shaped his decision to run: Grew up in a family that relied on government assistance Experienced food insecurity and medical access challenges Wants to represent rural and working-class communities He described the political climate as “real drama with real consequences,” arguing that voters want relatable candidates with firsthand experience of economic struggles. Minnesota’s 8th District: A Competitive Battlefield Minnesota’s 8th Congressional District includes: Duluth and surrounding areas Iron Range mining communities Rural northern Minnesota Key stats: Republican-held since 2018 Strong union presence historically Shifted toward Republican candidates in recent elections Pete Stauber has held the seat since Democrat Rick Nolan retired and making him a strong incumbent. The Democratic Primary Challenge Gulbranson is entering a crowded Democratic-Farmer-Labor (DFL) primary: Late entry into the race Competing for party endorsement Must build political infrastructure quickly However, Gulbranson believes his outsider status may attract independent voters. Luke Gulbranson: Career Beyond Reality Television Gulbranson’s professional background includes: Reality TV appearances Acting and modeling work Luxury real estate Jewelry brand founder Maple syrup company entrepreneur His estimated net worth is around $600,000, built through multiple ventures. Luke Gulbranson: Personal Life & Public Image Luke Gulbranson is not married He previously linked to Ashley Darby He reportedly dated Tayshia Adams He maintains strong ties to Minnesota hometown His personal brand focuses on authenticity and rural roots. Luke Gulbranson Net Worth Luke Gulbranson has an estimated net worth of around $600,000 as of 2025–2026. His income comes from Bravo reality TV appearances, modeling, acting, real estate and business ventures, including a jewelry brand and upcoming maple syrup company while reality TV salaries typically range $10,000–$20,000 per episode, boosting his overall earnings. What are the Challenges Ahead Gulbranson faces several hurdles: Limited political experience Republican-leaning district Established incumbent opponent Late campaign launch Still, outsider candidates have gained traction in recent election cycles. What This Race Could Mean The race reflects broader trends: Celebrities entering politics Rural voter outreach strategies Competitive Midwest battlegrounds Changing voter preferences Whether Gulbranson can translate TV fame into votes remains uncertain, but his candidacy has already reshaped the conversation in Minnesota politics. FAQ’s: Luke Gulbranson Minnesota Congress Race 1. Who is Luke Gulbranson? Luke Gulbranson is a reality television personality best known for appearing on Summer House. He is originally from Minnesota’s Iron Range and has also worked as a model, entrepreneur and real estate professional. 2. Why is Luke Gulbranson running for Congress? Luke Gulbranson announced his congressional bid to represent Minnesota’s 8th District, citing his working-class upbringing and concerns about the current political climate and he is running as a Democrat against incumbent Republican Pete Stauber. 3. How old is Luke Gulbranson? Luke Gulbranson is in his early 40s and was born in Eveleth, Minnesota. His age and background have become key talking points as he positions himself as a relatable candidate for working-class voters. 4. What is Luke Gulbranson’s net worth? Luke Gulbranson’s estimated net worth is around $600,000. His earnings come from reality television appearances, modeling, acting, business ventures and entrepreneurial projects including a maple syrup brand. 5. Has Luke Gulbranson held political office before? No, Luke Gulbranson does not have prior political experience however, he is running as an outsider candidate, similar to other public figures who transitioned from entertainment into politics. Disclaimer: This article is based on publicly available information and campaign statements. Political developments may change as the race progresses. The post Who is Luke Gulbranson? Summer House Reality Star Enters Minnesota Congress Race Against Pete Stauber; Check Luke’s Age, Career, Net Worth appeared first on The Sunday Guardian.

Apr 15, 20269 votes

Who Is Eric Swalwell? California Congressman Faces Sexual Assault Allegations; Former Staffers Sign Open Letter to Quit Party & Governor’s Race

U.S. Representative Eric Swalwell, a front-runner candidate for California governor, faced mounting calls to resign from Congress on Sunday as dozens of his former staffers and some of his fellow Democratic lawmakers urged him to leave following accusations of sexual assault. Swalwell has denied the accusations as “absolutely false” and vowed to fight them. The California Democrat has represented his district in the U.S. House of Representatives since 2013. Before Congress, he served as a prosecutor in the Alameda County District Attorney’s Office and on the Dublin, California, City Council. Who Is Eric Swalwell? Eric Swalwell, 45, was first elected to the House in 2012 after unseating a 20-year incumbent. He gained national prominence as a member of the House Intelligence Committee and as a frequent critic of former President Donald Trump. He served as an impeachment manager during Trump’s first impeachment trial. Before entering politics, Swalwell earned a law degree from the University of Maryland and worked as a prosecutor. He is married and has two children. His gubernatorial campaign has positioned him as a progressive alternative to other candidates in the race to succeed Governor Gavin Newsom. What Are the Allegations Against Swalwell? Two days ago, The San Francisco Chronicle and CNN reported that a woman who previously worked in Swalwell’s district office accused him of two nonconsensual sexual encounters. CNN also reported that three other women made sexual misconduct allegations against Swalwell. He has denied all accusations. The Manhattan district attorney’s office on Saturday confirmed it is investigating the sexual assault allegations. The Department of Homeland Security’s U.S. Citizenship and Immigration Services agency also confirmed it has looked into allegations that Swalwell illegally employed a Brazilian nanny. “These allegations are serious. USCIS has referred this matter to the Department of Homeland Security law enforcement for investigation,” a USCIS spokesperson told Reuters. Who Is Calling for His Resignation? In separate TV interviews on Sunday morning talk shows, Democratic Representatives Pramila Jayapal, Ro Khanna and Eugene Vindman each said Swalwell should quit Congress. An open letter released later on Sunday and signed by more than 50 of Swalwell’s ex-staffers also called on him to resign from Congress and drop out of the California gubernatorial race, calling the allegations “serious” and credible. “Remaining in either role while these allegations hang unresolved is an insult to every person who has ever worked for him,” the former staffers wrote. Representative Byron Donalds, a Republican from Florida, and Jayapal each said on Sunday they would vote to expel Swalwell from Congress if such a vote came up. Representative Anna Paulina Luna, a Florida Republican, wrote on social media that she planned to file a motion to expel Swalwell. She told Fox News she would file the disciplinary motion next week. What Other Lawmakers Face Expulsion Calls? Another Democrat, Representative Sheila Cherfilus-McCormick, a Florida representative, also faces a potential expulsion vote after a House panel recently concluded she violated ethics rules. A grand jury indicted her in November after she was accused of stealing pandemic relief funds and directing that money to her 2021 congressional campaign. She has previously denied wrongdoing. While Luna and other Republicans have called for expelling Swalwell and Cherfilus-McCormick, Democrats have been calling for an expulsion of Representative Tony Gonzales, a Texas Republican being investigated by the House over sexual misconduct allegations. Last month, he said he would not seek re-election later this year. Donalds told “Meet the Press” he wants to see Swalwell and Gonzales leave. “As far as I’m concerned both gentlemen need to go home,” Donalds said. While calling on Swalwell to resign, Khanna told Fox he also believes “there are other members (of Congress) and Republican members who should resign as well,” such as Gonzales. What Happens Next? Luna has said she will file a motion to expel Swalwell from Congress next week. The House would then need to vote on the resolution. Expulsion requires a two-thirds majority. Swalwell has not indicated any intention to resign. His office did not immediately return a call seeking comment on the DHS probe. FAQs: Eric Swalwell Q: Who is Eric Swalwell? A: A U.S. Representative from California, elected in 2012, and a candidate for California governor. Q: What are the allegations against him? A: Sexual assault accusations from a former district office employee and three other women. He also faces a DHS probe over alleged illegal employment of a Brazilian nanny. Q: Has Swalwell responded? A: He has denied the accusations as “absolutely false” and vowed to fight them. Q: Who wants him to resign? A: Democratic Reps. Jayapal, Khanna, Vindman, over 50 former staffers, and Republican Reps. Donalds and Luna. Q: What is the Manhattan DA investigating? A: The sexual assault allegations. Q: What is DHS investigating? A: Allegations that Swalwell illegally employed a Brazilian nanny. Q: Could Swalwell be expelled? A: Yes. Rep. Luna plans to file an expulsion motion next week. Expulsion requires a two-thirds House vote. Disclaimer: This information is based on inputs from news agency reports. TSG does not independently confirm the information provided by the relevant sources. The post Who Is Eric Swalwell? California Congressman Faces Sexual Assault Allegations; Former Staffers Sign Open Letter to Quit Party & Governor’s Race appeared first on The Sunday Guardian.

Apr 13, 202620 votes

US Iran Israel Latest Update: ‘Enjoy the Current Pump Figures’ — Iranian Official Mocks US Blockade; Trump Says Gas Prices May Remain High Through November Midterms

US Iran Israel Latest Update: President Donald Trump said on Sunday that the price of oil and gasoline may remain high through November’s midterm elections, a rare acknowledgement of the potential political fallout from his decision to attack Iran six weeks ago. “It could be, or the same, or maybe a little bit higher, but it should be around the same,” Trump told Fox News’ “Sunday Morning Futures With Maria Bartiromo” when asked whether the cost of oil and gas would be lower by the fall. The average price for regular gas at US service stations has exceeded $4 per gallon for most of April, according to data from GasBuddy. Average US gas prices in February hovered just below $3 per gallon, and over the past year never exceeded $3.25 per gallon. What Did Trump Announce About the Strait of Hormuz? Earlier on Sunday, Trump announced on social media that the US Navy would blockade the Strait of Hormuz and intercept any ship that paid a crossing fee to Iran, after marathon talks between the US and Iran in Pakistan over the weekend did not yield a peace deal. “No one who pays an illegal toll will have safe passage on the high seas,” he wrote on Truth Social. Several hours after Trump’s post, US Central Command said the blockade would be limited to ships going to and from Iranian ports. Ships entering and exiting non-Iranian ports will not be stopped by US forces, CENTCOM clarified. US Iran Israel Latest Update: How Did Iran Respond? Iranian parliament speaker Mohammad Baqer Qalibaf, who led Iran’s delegation in the talks, posted on social media that a blockade would lead to higher US gas prices. “Enjoy the current pump figures,” he wrote on X, alongside a map showing gas prices in Washington. “With the so-called ‘blockade’, soon you’ll be nostalgic for $4–$5 gas.” Enjoy the current pump figures. With the so-called ‘blockade’, Soon you’ll be nostalgic for $4–$5 gas. ΔO_BSOH>0 ⇒ f(f(O))>f(O) pic.twitter.com/rVxlC6vFWG — محمدباقر قالیباف | MB Ghalibaf (@mb_ghalibaf) April 12, 2026 Iran’s Revolutionary Guards have warned that military vessels approaching the strait will be considered a ceasefire breach and “dealt with harshly and decisively.” US Iran Israel Latest Update: How Is the War Affecting Trump’s Political Standing? The war has buffeted global financial markets and caused thousands of civilian deaths, mostly in Iran and Lebanon. Trump’s political standing at home has suffered, with polls showing the war is unpopular among most Americans, who are frustrated by rising gasoline prices. The president’s approval rating has hit the lowest levels of his second term, raising concern among Republicans that his party is poised to lose control of Congress in the midterm elections. A Democratic majority in either chamber could launch investigations into the Trump administration while blocking much of his legislative agenda. US Iran Israel Latest Update: What Are Lawmakers Saying? US Senator Mark Warner of Virginia, the ranking Democrat on the Senate Intelligence Committee, questioned the strategy behind Trump’s planned blockade. “I don’t understand how blockading the strait is going to somehow push the Iranians into opening it,” he told CNN’s “State of the Union” on Sunday. In a separate appearance on CBS’s “Face the Nation,” Warner said the blockade would not undermine Iranian control of the waterway. “The Iranians have hundreds of speedboats where they can still mine the strait or put bombs against tankers in closing the strait,” he said. “How is that going to ever bring down gas prices?” Republican Senator Ron Johnson of Wisconsin told ABC News’ “This Week” on Sunday that achieving US aims in Iran “could take a long time.” “It’s going to be a long-term project,” said Johnson. “I never thought this would be easy.” US Iran Israel Latest Update: What Is the Status of the Ceasefire? The new blockade tactic is in response to Iran’s own closure of the strait’s critical shipping lanes, which has caused global oil prices to skyrocket about 50%. The conflict is currently subject to a tenuous two-week ceasefire announced on April 7. Weekend talks in Islamabad failed to reach a permanent deal, with Iran rejecting US demands to end uranium enrichment and dismantle nuclear facilities. Despite the stalemate, three supertankers fully laden with oil passed through the Strait of Hormuz on Saturday, shipping data showed, the first vessels to exit the Gulf since the ceasefire deal. FAQs: Trump’s Gas Price Warning and Blockade Q: What did Trump say about gas prices? A: He said prices may remain high through November or could be “a little bit higher.” Q: What is the current average gas price? A: Over $4 per gallon for most of April, up from below $3 in February. Q: What did Trump announce about the strait? A: A US Navy blockade of the Strait of Hormuz, intercepting ships that pay tolls to Iran. Q: How did Iran respond? A: Iranian official Qalibaf mocked the blockade, warning Americans will be “nostalgic for $4-$5 gas.” Q: How is the war affecting Trump’s approval? A: His approval rating has hit the lowest levels of his second term, with polls showing the war is unpopular. Q: What did Senator Warner say about the blockade? A: He questioned how blockading the strait would push Iran to open it or bring down gas prices. Disclaimer: This information is based on inputs from news agency reports. TSG does not independently confirm the information provided by the relevant sources. The post US Iran Israel Latest Update: ‘Enjoy the Current Pump Figures’ — Iranian Official Mocks US Blockade; Trump Says Gas Prices May Remain High Through November Midterms appeared first on The Sunday Guardian.

Apr 12, 20269 votes

US Iran Israel Latest Update: ‘Enjoy the Current Pump Figures’ — Iranian Official Mocks US Blockade; Trump Says Gas Prices May Remain High Through November Midterms

Apr 12, 202623 votes

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Articles served from sundayguardianlive.com

CFTC Probes Suspicious Oil Trades Worth Nearly $1 Billion Placed Before Trump Iran Ceasefire Announcements; White House Warned Staff Against Using Nonpublic Information

Who is Luke Gulbranson? Summer House Reality Star Enters Minnesota Congress Race Against Pete Stauber; Check Luke’s Age, Career, Net Worth

Who Is Eric Swalwell? California Congressman Faces Sexual Assault Allegations; Former Staffers Sign Open Letter to Quit Party & Governor’s Race

US Iran Israel Latest Update: ‘Enjoy the Current Pump Figures’ — Iranian Official Mocks US Blockade; Trump Says Gas Prices May Remain High Through November Midterms

US Iran Israel Latest Update: ‘Enjoy the Current Pump Figures’ — Iranian Official Mocks US Blockade; Trump Says Gas Prices May Remain High Through November Midterms