Trump's oil and gas stocks gained up to $15.5 million amid Iran war, congressional Democrats say
Trump’s stock trading could face heightened congressional scrutiny if Democrats retake either chamber in the midterms.
TL;DR
- Democrats on the Joint Economic Committee report that President Trump's oil and gas stock holdings may have gained up to $15.5 million this year.
- These gains are linked to surging energy shares amid the Iran war.
- Trump's 2025 financial disclosure reported between $12.5 million and $45.6 million in oil and gas stocks.
- The committee alleges these holdings rose about 39% on average through August 17, potentially valuing them between $17.2 million and $61.1 million.
- Exxon Mobil, Chevron, Valero Energy, and Marathon Petroleum were among his reported energy holdings.
- Democrats also concluded Trump bought as much as $3.6 million in additional oil and gas stocks in early 2026.
- The White House states that Trump has no ability to direct or influence his investment portfolio, which is managed by independent managers.
- The Trump Organization has previously stated that Trump's investments are in fully discretionary accounts managed by independent financial institutions.
- The findings add to scrutiny of Trump's investment portfolio, and Democrats are expected to investigate his stock trading if they regain control of Congress.