Trump risks 'biblical disaster' with new reaction to 'panic situation': oil industry giant

A global finance insider warned the Trump administration against making risky moves to bring down oil prices in response to Iran's threats to the global supply chain.

Terry Duffy, chief executive of CME Group, which operates the exchange where U.S. oil futures are traded, told other industry insiders this week at a conference that the administration risked a "biblical disaster" if officials attempted intervene in the derivatives markets during President Donald Trump's war with Iran, reported Financial Times.