Terry Duffy, CEO of CME Group, which operates the U.S. oil futures exchange, warned the Trump administration against intervening in derivatives markets to lower oil prices during the Iran war. Speaking at a conference in Boca Raton, Duffy cautioned that government pricing intervention risks a "biblical disaster" if investors lose confidence in market-set commodity prices. The Treasury Department is reportedly considering multiple options to combat spiking oil prices, including futures market intervention and releasing millions of barrels from the strategic reserve. Alternative measures under consideration include suspending federal gasoline taxes, relaxing environmental fuel rules, and temporarily banning U.S. oil exports. Recent unexplained large trades sparked speculation the Treasury Department was selling crude futures, though a source close to Treasury Secretary Scott Bessent denied market intervention. Rapidan Energy Group analysts noted the Treasury selling front-month futures is receiving unusual attention and cannot be completely ruled out despite denials.Watch the video below. Your browser does not support the video tag.