Senators Push CFTC to Probe Oil Trading Before Trump Iran News

Two Democratic US Senators pressed the federal derivatives regulator to investigate suspicious oil futures trading in the lead up to President Donald Trump making two major announcements about military operations in Iran.

Elizabeth Warren of Massachusetts and Sheldon Whitehouse of Rhode Island on Friday called on the US Commodity Futures Trading Commission to open probes into trading surges on March 23 and April 7. It’s the latest lawmaker pressure on the regulator to probe the volatility in oil futures amid concerns about insider trading on the war.

“This pattern raises serious questions about whether there has been recurring misappropriation of ...