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Warren Confronts Hegseth Over $500M Pre-Iran Oil Trades

5/1/2026

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Summary

Story summary

Senator Elizabeth Warren confronted Secretary Pete Hegseth about $500 million oil trades during Iran war.
Senator Elizabeth Warren cited March 23, April 7 and April 21 as dates traders placed bets before President Donald Trump’s statements.
Secretary Pete Hegseth testified before the Senate Armed Services Committee and denied insider-trading, saying he owns no stocks.
A Financial Times report said Defense Secretary Pete Hegseth’s broker tried to buy defense shares before U.S.–Israel strikes on Iran.

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Story summary

Senator Elizabeth Warren confronted Secretary Pete Hegseth about $500 million oil trades during Iran war.
Senator Elizabeth Warren cited March 23, April 7 and April 21 as dates traders placed bets before President Donald Trump’s statements.
Secretary Pete Hegseth testified before the Senate Armed Services Committee and denied insider-trading, saying he owns no stocks.
A Financial Times report said Defense Secretary Pete Hegseth’s broker tried to buy defense shares before U.S.–Israel strikes on Iran.