How Trump's Stock Portfolio Rode Oil Price Rollercoaster: Report
CNBC said his nine biggest energy holdings rose as much as $4.4 million while his accounts made at least 23 sales through June 29.
- A CNBC analysis estimated President Donald Trump's personal oil and gas portfolio increased by as much as $4.4 million since the start of the Iran War, which he launched over six months ago.
- Throughout the first six months of the conflict, Trump's investment accounts aggressively traded energy stocks on days when his wartime directives sent markets swinging, reporting at least 23 sales through June 29.
- Nine energy companies in his portfolio reported a combined $47.6 billion in second-quarter profit—triple the year-earlier figure—as higher prices and refining margins boosted earnings for Exxon and Chevron.
- Ethics watchdogs questioned the optics, with Citizens for Responsibility and Ethics in Washington CEO Donald Sherman asking "where national policy ends and private financial interest begins" as the president profited from his own decisions.
- The White House maintained that independent managers control all investment decisions, with spokesman Davis Ingle stating neither the president nor his family can "direct, influence, or provide input" regarding portfolio management.
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(New York = Yonhap News) Correspondent Kim Yeon-sook = As the war between the U.S. and Iran drags on, the valuation of major oil and gas stocks held by U.S. President Donald Trump...
The Economic Times
Times of IndiaHow Trump's stock portfolio rode oil price rollercoaster: Report
Oil prices surged above $100 a barrel amid escalating tensions with Iran. President Trump's disclosed oil investments gained millions during the six months of conflict. His accounts continued trading energy stocks affected by his wartime decisions. The White House maintains independent managers control the portfolio and deny any influence. This situation raises questions about the intersection of policy and private financial interests.
Trump's Top Oil Stocks Have Made Him Up to $4.4 Million Richer During Iran War: Analysis
Analysis by CNBC reveals Trump has grown millions richer from the illegal war with Iran he launched. Fossil fuel investments surge as US consumers feel the financial impact.
Trump’s oil investments have gained millions during Iran war as his accounts keep trading
President Donald Trump’s personal oil and gas investments have climbed by millions of dollars since the start of the Iran war, even as his accounts kept buying and selling energy stocks on days when his own wartime decisions sent markets lurching. According to a report from CNBC, the president’s nine largest disclosed holdings in the […]
CNBC: Trump Makes Millions Trading Oil During War
CNBC reports: As President Donald Trump’s wartime directives in Iran repeatedly jolted global markets, his personal energy portfolio surged. Throughout the first six months of fighting, Trump’s investment accounts continued aggressively trading energy stocks. Between the eve of the war, on Feb. 27, and Aug. 31, his nine largest oil and gas holdings gained approximately … The post CNBC: Trump Makes Millions Trading Oil During War appeared first o…
Trump Makes Bank on Oil as He Declares Iran War Has No End in Sight
President Trump has made millions on his oil and gas investments thanks to the Iran war. CNBC reports that the president’s investment holdings continued to trade energy stocks during the first six months of the war. Between February 27 and August 31, his nine largest fuel assets grew between $1.5 million and $4.4 million, the network estimates, referring to his annual financial disclosure. Trump reported owning stock in Chevron, ConocoPhillips, …
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