Trump's 9 Biggest Oil Holdings Gained Up to $4.4 Million During Iran War

3 articles · Updated · CNBC · Sep 9

CNBC estimated Trump's nine largest oil and gas holdings rose by about $1.5 million to $4.4 million between Feb. 27 and Aug. 31 as the Iran war drove energy prices higher.
At least 23 sales and multiple purchases were reported through June 29, including buys on March 2 after the initial U.S.-Israeli attack and a $500,001-to-$1 million Exxon sale hours before Trump announced an April 7 ceasefire.
The filings do not show exact share counts or execution prices, so the gains are not realized profits; CNBC said it found no evidence Trump or his managers traded on advance knowledge or shaped policy for investments.
White House spokesman Davis Ingle said independent managers control fully discretionary accounts, but ethics watchdogs argued that structure does not remove conflict concerns when a president knows he is heavily invested in a market-moving sector.
The broader backdrop is politically fraught: Trump's nine energy companies posted $47.6 billion in second-quarter profit, U.S. crude remained about 36% above prewar levels, and Americans have paid an estimated $71.5 billion extra for gasoline since the war began.