# Warren demands CFTC chair Selig answer Congress on oil trades

Date: 2026

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](/people/mig-donald-trump)'s 23 March Truth Social post on Iran. Warren said CFTC Chairman [Michael Selig](/people/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.

## Sources

- https://www.banking.senate.gov/newsroom/minority/warren-statement-on-new-reporting-about-cftc-examination-of-suspicious-oil-trades-related-to-trump-truth-social-post

## Methodology

https://factrail.ai/methodology

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