Democrats on Congress’ Joint Economic Committee say Donald Trump’s oil and gas stock holdings may have gained up to $15.5 million this year as energy shares surged during the Iran war. Trump reported owning between $12.5 million and $45.6 million in oil and gas stocks in his 2025 annual financial disclosure, with those holdings rising about 39% on average. Their estimated value now ranges between $17.2 million and $61.1 million. Major oil and gas producers recorded approximately $125.2 billion in profits during the first half of 2026, while Americans spent an estimated $71.5 billion more on gasoline since the war began.
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