As Trump brags about U.S. oil and gas company profits, his stocks gained millions during Iran war

Updated on: October 26, 2026 / 9:52 AM EDT / CBS News

Washington — As President Trump boasts about how much money the U.S. oil and gas industry is making from the war with Iran, the president's personal holdings in oil and gas are now worth between $22.5 million and $81.6 million, compared with $12.6 million to $46 million at the end of 2025, according to a new report by Democrats on the Congressional Joint Economic Committee.

The stocks the president holds have increased in value by an average of 43% since the end of 2025, the Democratic minority said, based on data from LSEG Data Analytics. The report also found the president purchased between $4.7 million and $17.5 million in oil and gas stocks between March, after the war began, and the end of August, which is the most recently available data. He also sold between $2 million and $5.4 million in oil and gas stocks in the same timeframe, the minority found.

The report was obtained exclusively by CBS News and is based on the president's financial filings with the Office of Government Ethics. Filers are only required to report transaction ranges, not specific amounts.

But as Americans…

Original source: https://www.cbsnews.com/entertainment/