As Trump brags about U.S. oil and gas company profits, his stocks gained millions during Iran war

Key Points:

• President Trump's oil and gas holdings have increased significantly in value since the start of the Iran war, now estimated between $22.5 million and $81.6 million, up from $12.6 million to $46 million at the end of 2025, according to a Democratic report from the Congressional Joint Economic Committee.
• The report reveals Trump purchased between $4.7 million and $17.5 million in oil and gas stocks after the war began, while selling $2 million to $5.4 million in the same period, with major holdings in Chevron and ExxonMobil, whose stock prices rose substantially.
• Despite rising fuel prices impacting American consumers—gas prices have increased from $2.87 to $4.29 per gallon since February—Trump has publicly praised the oil and gas industry's profits and claimed the U.S. is making "hundreds of billions of dollars" from the conflict.
• White House officials maintain that Trump's investments are managed independently without his direct involvement to avoid conflicts of interest, though Democrats express concern over potential conflicts given his ongoing stock trades in benefiting sectors.
• The Iran war has disrupted oil exports and driven prices higher, with no clear end in sight; Trump has taken some measures to address fuel costs, including invoking the Defense Production Act and purchasing Russian diesel, but prices remain high amid ongoing geopolitical tensions.