CFTC launches investigation into suspicious oil trades before Trump's policy shift on Iran
According to Bloomberg, the top derivatives regulator in the United States is investigating a series of "exceptionally timed" crude oil futures trades that occurred before Trump's recent adjustments to Iran war policy. According to informed sources, the investigation has been initiated.
The U.S. CFTC is leading the investigation into crude oil futures contract trades conducted on the CME Group and Intercontinental Exchange platforms. Informed sources stated that they requested anonymity due to the information not being public.
Currently, both trading platforms have been asked to submit relevant trading data to the regulators to cooperate with the investigation.
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