Trump's oil holdings surge 43% amid Iran war, raising conflict of interest concerns - report
Trump's oil and gas holdings rose 43% amid the Iran war, a Democratic congressional report found, raising conflict of interest concerns as US families spent an estimated $856 more on gasoline.
US President Donald Trump's oil and gas investments have surged by an average of 43% since the start of the Iran war, according to a report by Democrats on the Congressional Joint Economic Committee. This increase in value has raised concerns among Democrats about potential conflicts of interest, as Americans face higher fuel prices.
The estimated value of Trump's energy holdings rose from $12.6 million to $46 million at the end of 2025, to a range of $22.5 million to $81.6 million. The rise in energy stocks can be attributed to the conflict, with the S&P 500 energy sector gaining over 50% this year, compared to an 11% rise in the broader index. The White House has denied any conflicts of interest, stating that Trump's investments are managed independently by third-party financial institutions.
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