The US Treasury Department is examining JPMorgan Chase & Co.’s relationship with a hedge fund that’s said to be part of a network overseen by Iranian oil trader Hossein Shamkhani.

The U.S. Treasury Department is looking into JPMorgan Chase's relationship with a hedge fund that is said to be a part of Iranian oil trader Hossein Shamkhani's network, Bloomberg News reported on Friday.

The U.S. Treasury Department is investigating JPMorgan Chase's (NYSE:JPM) relationship with a hedge fund that''s suspected to be part of a network controlled by Hossein Shamkhani, an Iranian oil trader,