President Donald Trump has been accused of orchestrating an international incident involving Iran, where he threatened to open the Strait of Hormuz and destroy the country's power plants if Iran did not comply with a threat to open it. However, shortly before the announcement, he revised his threat down to the situation. This comes amidst allegations of unusual trades made on oil futures markets shortly before Trump's announcement. The Commodity Futures Trading Commission (CFTC) is the primary agency tasked with policing insider trading on futures markets and prediction markets like Polymarket and Kalshi, but it is unlikely that it will act soon. The SEC's top enforcement officer, Margaret Ryan, resigned last week amid controversy over the agency's handling of cases with ties to President Donald Trump and his family. The CFTC has been criticized for its lack of enforcement efforts under the previous administration, with enforcement dropping to its lowest level on record during Trump's first term in office.