A Trump administration official reportedly ordered the Commodity Futures Trading Commission to withdraw an enforcement referral concerning billions of dollars in suspicious trades executed just 15 minutes before President Trump’s March 23 announcement on Iran. Bloomberg reports that Mel Gunewardena, a senior adviser to CFTC Chairman Michael Selig, directed investigators to retract the referral after traders positioned for falling oil prices and rising equities ahead of the Truth Social post. Following Trump's announcement canceling planned strikes on Iranian infrastructure, oil prices crashed 14% while U.S. and European stock markets surged 4%. The CFTC had identified irregular trading patterns linked to these market-moving events and referred the activity to its enforcement division before being instructed to withdraw the case.