Trump's oil and gas stock trades continued during Iran war, filings show
Summary
President Donald Trump’s financial disclosures show that his investment accounts bought and sold oil and gas company stocks during the ongoing war with Iran in 2026. The trades involved hundreds of thousands of dollars in stocks and were managed by independent financial institutions, according to the White House.Key Facts
- President Trump traded oil and natural gas stocks during the U.S. war with Iran in early 2026.
- His investment accounts made thousands of trades valued between $212 million and $695 million in the first quarter of 2026.
- The value of his oil and gas holdings grew from $13 million–$46 million at the start of 2026 to $17 million–$61 million by mid-August.
- Oil and gas stocks increased in value during events like the Iran war and U.S. operations in Venezuela.
- The White House states that Trump’s trades are handled by independent managers using automated, index-based models, without his input.
- Trump declined to put his assets into a blind trust, so his individual investments remain visible.
- Trump’s portfolio is worth over $6 billion, so oil and gas stocks are only a small part of his overall wealth.
- Some experts suggest the trading may be part of a tax strategy called tax-loss harvesting, which sells losing stocks to offset gains.
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