Mel Gunewardena

Senior adviser to CFTC chairman and head of the Office of International Affairs

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CFTC adviser ordered retraction of referral on suspicious Iran oil trades

Reportedly ordered the retraction of the trading referral

On March 23, about 15 minutes before President Trump posted that he was postponing strikes on Iranian power plants, traders placed billions of dollars in futures bets that oil would fall and stocks would rise. In a two-minute window, roughly $580 million in crude contracts changed hands — 8.5 times the volume traded in the same window the prior week.

Updated 1 hour ago