Senator Elizabeth Warren (D-Mass.) questioned Defense Secretary Pete Hegseth about potential insider trading during a Senate hearing, focusing on whether traders benefited from non-public information about developments in the Iran war. The exchange, which touched on oil trades, became direct as Hegseth denied any wrongdoing.
Warren raised concerns that individuals may have profited from "inside information" regarding military actions or policy shifts related to the conflict with Iran. She pressed Hegseth on whether the Department of Defense had investigated any suspicious trading activity. According to NBC News, Warren’s questioning centered on the appearance that traders had gained an advantage from advance knowledge of war developments.
Hegseth responded by rejecting the allegations. "No one owns me," he said, according to Fox News. He stated that he had no knowledge of improper trading and dismissed the implication that he or his department had leaked sensitive information. The Defense Secretary characterized the claims as baseless.
The hearing highlighted the intersection of national security and financial markets, with oil prices often reacting sharply to geopolitical tensions. The specific trades in question were not detailed in the public portion of the hearing.
Following the exchange, the hearing moved on to other defense matters. Neither Warren’s office nor the Department of Defense issued additional statements immediately after the session.
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