Oil industry giant warns against the Trump admin's plan to lower fuel prices

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...