CFTC probes oil futures trades tied to Trump's moves in Iran: Report

The CFTC is investigating trades that took place before the US delayed strikes on Iranian energy infrastructure on March 23 and agreed to a ceasefire with Iran on April 7.

The US Commodity Futures Trading Commission is reportedly investigating suspicious oil trades that were placed ahead of certain announcements made by the Trump administration relating to the Iran war.

According to a Bloomberg report on Wednesday, the CFTC’s probe focuses on trading activity on CME Group’s NYMEX and the Intercontinental Exchange’s futures platforms. 

The regulator is also requesting “Tag 50” identity data from exchanges to assist with the investigation. Tag 50 data is widely used for auditing and regulatory compliance checks.

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