Trump Discloses More Than 1,000 Stock Trades in a Single Month — Including Oil Companies Made Richer by the War He Started — and Joint Economic Committee Democrats Put His Gain at $15.5 Million

August 29, 2026

Two disclosures landed a few days apart in late August 2026 and, read together, put a number on what the Iran war has been worth to the president's own portfolio. On Aug. 24, Democrats on Congress's Joint Economic Committee, led by ranking member Maggie Hassan, reported that President Trump's oil and gas holdings had risen roughly 39 percent through Aug. 17 — a gain of as much as $15.5 million — putting their estimated value between $17.2 million and $61.1 million. The committee also found he had bought up to $3.6 million in additional oil and gas stock in the first three months of 2026, the quarter the war began. Then on Aug. 27 a periodic transaction report showed more than 1,000 individual trades in June alone, an average of over 30 a day, worth between $78 million and $263 million. Among them were repeated trades in companies directly exposed to the war: two sales and a purchase of ExxonMobil, three sales of ConocoPhillips, a sale of Valero Energy, and a purchase of Occidental Petroleum. Reporters also flagged the timing of trades outside energy, including a Boeing purchase on the day the Navy awarded the company an $880 million contract and an ExxonMobil sale on the day Trump declared a ceasefire. The White House says the president has no hand in any of it: spokesman Davis Ingle said the portfolio is run by outside institutions through computer-driven model portfolios replicating indexes such as the Schwab 1000. The disclosures land ten weeks before the midterms and alongside a separate demand from Sens. Elizabeth Warren and Rep. Robert Garcia that Trump name the managers behind his accounts.