Trump’s Oil and Gas Holdings Rose to $61.1m Amid Iran War

US President Donald Trump held as much as 45.6 million US dollars in oil and gas stocks at the end of 2025. The value of those holdings rose to as much as 61.1 million US dollars amid higher energy prices, according to a report by the Democratic minority of the US Congress Joint Economic Committee.

The committee’s analysis also found that Trump acquired as much as 3.6 million US dollars in additional oil and gas stocks during the first three months of 2026. That period included the US operation in Venezuela and the start of the conflict with Iran.

The report estimated that US consumers have spent an additional 71.5 billion US dollars on petrol since the start of what the committee described as Trump’s “Iran War.” The figure represents additional spending attributed to higher petrol prices during the period.

The findings were released by the committee’s Democratic minority and promoted by Senator Maggie Hassan, its ranking member. The assessment of Trump’s financial gains and the causes of higher energy prices therefore reflects the minority’s analysis rather than a bipartisan committee conclusion.

“President Trump continues to get richer from an illegal war that he started and refuses to resolve, while Americans pay the price for his actions,” Hassan said in response to the report.

The analysis also examined financial and political links between Trump and the oil and gas industry. It stated that Trump received millions of dollars in campaign contributions from oil company executives and that his administration introduced policies favourable to the sector, including tax provisions benefiting oil and gas companies.

The committee cited estimates showing that major oil and gas companies have reported more than 125 billion US dollars in profits so far this year. Chevron reported 12 billion US dollars in second-quarter profit, its highest quarterly result in six years, while Exxon Mobil reported 14.7 billion US dollars for the same period.

The report attributed the rise in energy company profits and the increase in Trump’s stock holdings to higher oil and gas prices following US military operations and the conflict with Iran. It did not establish that Trump’s personal stock holdings or investment decisions caused the increase in energy prices.

The committee said the analysis forms part of broader efforts by Senator Hassan to assess the economic impact of policies and actions taken by the Trump administration, including their effect on household costs.

The report has added to ongoing political debate over the relationship between energy prices, military conflict and the financial interests of senior political figures.

Source: FSX Business News