CFTC probes oil futures surge before Iran strike delay

The Commodity Futures Trading Commission is investigating a surge in oil futures trading that occurred just before military strikes on Tehran were postponed in March, according to the Wall Street Journal. The inquiry focuses on trading activity that spiked moments before the official announcement to delay the operation.

The regulator is scrutinizing at least three firms as part of the investigation, according to documents and a person familiar with the matter. Reuters could not immediately verify the report.