US investigation into suspicious oil trades linked to war on Iran

David Miller, director of the enforcement division at the U.S. Commodity Futures Trading Commission (CFTC), said on Thursday during a conference held in New York state that the commission is investigating suspicious oil trading activities linked to the U.S. war on Iran.

Last week, Bloomberg News reported that a political appointee at the CFTC had instructed market surveillance staff to withdraw a referral to the commission’s enforcement team, which monitors suspicious trading activities related to President Donald Trump’s March decision to halt attacks on Iranian power plants.

When asked about this story during a panel discussion at the conference, Miller responded that the commission had been investigating these trades “from the beginning” and that the probe remains open.