The head of CME Group has warned the Trump administration it will risk a “biblical disaster” if it attempts to lower oil prices by intervening in derivative markets during the war with Iran, via FT

The warning from the head of CME Group about potential intervention in derivative markets highlights the seriousness of price control attempts amid rising tensions with Iran. This kind of geopolitical risk can lead to volatility in oil prices and broader market implications, especially for currencies linked to energy imports and the overall risk sentiment. Watch for how this sentiment might influence energy assets and related forex pairs, especially in the context of ongoing war dynamics.