CME Group Chief Executive Officer Warns U.S. Against Intervening in Oil Futures Market

LootboxPhobia · 2026-03-12T21:12:27+00:00

CME Group Chief Executive Officer Terry Duffy warned the Trump administration against intervening in derivatives markets during a war with Iran to suppress oil prices, saying such action could lead to a loss of market confidence and "catastrophic consequences." He pointed out that government intervention in pricing is not welcomed by markets.

LootboxPhobia

2026-03-12 21:12:27

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Investing.com – CME Group CEO warns the Trump administration not to intervene in the derivatives market to suppress oil prices during the Iran conflict, saying such actions could trigger “catastrophic consequences,” according to the Financial Times.

CME Group CEO Terry Duffy said at a conference in Boca Raton, Florida, this week that government intervention in the futures market to curb rising crude oil prices would undermine market confidence.

“Markets don’t like government intervention in pricing,” Duffy said at the conference. He warned that if investors lose confidence in the ability to set key commodity prices, it could lead to “catastrophic consequences.”

Before Duffy made these remarks, reports indicated that the U.S. Treasury was considering measures to lower oil prices, including market intervention.

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