06:48 AM EDT, 05/20/2026 (MT Newswires) -- (Updates with TotalEnergies'response in the fourth paragraph.)

The Commodity Futures Trading Commission is probing an $800 million surge in oil futures trading volumes ahead of Donald Trump's decision to postpone strikes on Iran's energy infrastructure on March 23, The Wall Street Journal reported Tuesday, citing unnamed people familiar with the matter.

The CFTC is examining three companies including TotalEnergies'(TTE) Totsa trading arm which profited around $200,000 from trades, London-based investment firm Qube Research &Technologies, which earned about $5 million, and Forza Fund, which made $10 million, the report said.

No company has been accused of wrongdoing, the Journal reported.

TotalEnergies said it was "not aware of any CFTC investigation into TOTSA's crude oil trading activities,"adding that "TOTSA is firmly committed to complying with all applicable market regulations, enforces a strict market compliance program and has a zero-tolerance policy towards any wrongdoing."

The CFTC and the two other companies did not reply to MT Newswires'request for comment.

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