DOJ Drops Powell Probe as Iran Conflict Pressures Credit Markets

The U.S. Department of Justice announced it has closed its investigation into former Secretary of State Mike Powell, citing insufficient evidence. The decision comes amid heightened tensions between the United States and Iran, which have begun to affect global credit markets.

The DOJ’s statement, released in Washington, D.C., confirmed that the probe into Powell’s alleged misconduct was terminated. No further details were provided about the nature of the allegations or the evidence considered.

The timing of the closure follows reports that the escalating U.S.–Iran conflict is exerting pressure on credit markets, prompting concerns among investors about potential economic fallout.