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Warren demands CFTC chair Selig answer Congress on oil trades

On 13 October 2026, Senator Elizabeth Warren, ranking member of the Senate Banking Committee, issued a statement responding to reporting that CFTC staff had been told to retract an enforcement referral on suspicious oil trades placed before President Donald Trump's 23 March Truth Social post on Iran.

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On 13 October 2026, Senator Elizabeth Warren, ranking member of the Senate Banking Committee, issued a statement responding to reporting that CFTC staff had been told to retract an enforcement referral on suspicious oil trades placed before President Donald Trump's 23 March Truth Social post on Iran. Warren said CFTC Chairman Michael Selig and senior adviser Mel Gunewardena should answer to Congress about the status of the agency's examination and any potential enforcement action. No hearing had been scheduled by 14 October.

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Factrail. (2026). Warren demands CFTC chair Selig answer Congress on oil trades. Factrail. https://factrail.ai/facts/warren-demands-cftc-answers-2026-10-13

https://factrail.ai/facts/warren-demands-cftc-answers-2026-10-13

Accessed 15 October 2026.

By the Factrail desk · Method: how we source and score · Last reviewed

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