Big Oil Stocks Surged Due to Iran War—and New Filings Show TrumpStein is Cashing In

In a mandated filing with the Office of Government Ethics released Thursday, President Donald Trump was found to have made more than 1,000 stock transactions in June, including thousands of dollars invested in energy companies that were reaping record profits from the war Trump started with Iran.

Trump submitted financial disclosure forms to the OGE covering the second quarter of 2026, during which the Iran War continued, was paused for a ceasefire, and restarted again.

CBS News pointed to a “notable large transaction” on April 7, the day Trump declared a ceasefire with Iran after having threatened to destroy the country’s “entire civilization.” His investment accounts sold between $500,000 and $1 million of ExxonMobil stock that same day.

The filings were submitted days after Democrats on the Joint Economic Committee (JEC) estimated that Trump’s oil and gas stocks have soared in value since before he began attacking Iran in February—an act that raised oil prices due to Iran’s retaliatory closing of the Strait of Hormuz. The holdings were estimated at $13 million to $46 million at the start of 2026 and $17 million to $61 million this month. [MORE]