Terry Duffy, CEO of the Chicago Mercantile Exchange, where oil futures are traded, warned the Trump administration of a disaster if the administration tries to lower oil prices by intervening in derivatives markets during a war with Iran. Duffy stated at a conference held this week in Florida that government intervention in the futures market to curb rising crude oil prices would lead to a loss of market confidence. He said: «Markets do not welcome government intervention in price setting». Duffy's comments came after a report by an agency…
