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CME Group Chief Warns Trump Administration Against Oil Derivatives Market Intervention

CME Group Chief Warns Trump Administration Against Oil Derivatives Market Intervention

The statement says attempts to lower oil prices during the war with Iran by intervening in derivatives markets could trigger severe market disruption.

Fact Check
Multiple reputable financial news outlets (Financial Times, Reuters, US News) reported on March 12-13, 2026, that Terry Duffy, the CEO of CME Group, issued a stark warning to the Trump administration. He stated that any attempt by the U.S. Treasury to intervene in oil futures markets to suppress prices—amidst the ongoing war with Iran—would be a 'biblical' or 'epic' disaster that would destroy market confidence.
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Terms & Concepts
  • Derivatives markets: Financial markets for contracts whose value is tied to an underlying asset, such as oil, and are widely used for hedging and price exposure.
  • CME Group: A major U.S. exchange operator that runs futures and options markets across commodities, interest rates, equities, and other assets.
  • Futures: Standardized contracts to buy or sell an asset at a set price on a future date, commonly used in commodity and crypto markets.