CFTC Takes Oil Trading Oversight ‘Very Seriously,’ Selig Says

Industries Energy Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Nicola M White and Tyler Kendall October 23, 2026 at 3:26 PM UTC Takeaways by Bloomberg AI The top US derivatives regulator said Friday that his agency takes market oversight “very seriously” and the agency’s enforcement division has been looking at oil trading during the Iran war. Michael Selig, the chairman of the Commodity Futures Trading Commission , said the agency’s enforcement division had been looking into the trading since March 23. On that day, there was a spike in trading activity just before President Donald Trump backed away from threats to strike Iranian power plants.