Trump's Oil and Gas Trades Spark Ethics Concerns Amid Ongoing Iran Conflict

Financial disclosures have revealed President Donald Trump's investment accounts traded hundreds of thousands of dollars' worth of shares in oil and gas companies during the Iran War. The trades took place in the second quarter of 2026, with Trump's accounts buying and selling Chevron, ConocoPhillips, ExxonMobil, and other energy stocks.

The White House has maintained that Trump is not directly involved in any of these trades, stating that his stock portfolio is independently managed by third-party financial institutions. However, critics have expressed ethics concerns over the frequent trading, with Democrats on the Joint Economic Committee claiming Trump has earned millions from his oil and gas holdings.

A notable transaction took place on April 7, where Trump's accounts sold between $500,000 to $1 million in ExxonMobil stock hours before announcing a conditional two-week ceasefire with Iran. This sale came as the Exxon share price dropped by approximately 6.5% following the announcement.