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Congressman sells oil stocks at peak after backing US strike on Iran, raising conflict of interest concerns.

Market News
27 Mar 2026
Chris Katje
View Source
Bullish
pluang ai news

Congressman David Taylor, a vocal supporter of the US military action against Iran, sold his Chevron and Marathon Petroleum stocks at or near all-time highs shortly after the conflict escalated. His sales occurred as oil prices and energy shares surged due to the strike, allowing him to realize gains of roughly 19% to 33%. Taylor's timing has drawn attention amid ongoing scrutiny of congressional trading activities for potential conflicts of interest. The situation highlights concerns about lawmakers profiting from insider knowledge related to geopolitical events.

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