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Trump’s oil and gas trades continued during the 2026 Iran war

Financial disclosure filings through mid-2026 show Donald Trump’s accounts bought and sold oil and gas stocks while he oversaw the Iran war, including a reported ExxonMobil sale on April 7. The filings report transaction ranges, not exact amounts. (CBS News)

By DoomRadar · Published on DoomRadar . Updated .

Geographic context

Places in the report

United States of America, IranWestern SaharaCanadaUnited States of AmericaKazakhstanUzbekistanSudanChadRussiaThe BahamasMexicoFranceCubaMaliMauritaniaNigerIsraelLebanonPalestineTunisiaAlgeriaJordanUnited Arab EmiratesQatarKuwaitIraqOmanIndiaPakistanAfghanistanTajikistanTurkmenistanIranSyriaArmeniaBelarusUkrainePolandAustriaHungaryMoldovaRomaniaGermanyBulgariaGreeceTurkeyAlbaniaCroatiaSwitzerlandLuxembourgBelgiumNetherlandsPortugalSpainIrelandItalyUnited KingdomAzerbaijanGeorgiaSloveniaSlovakiaCzech RepublicSaudi ArabiaTurkish Republic of Northern CyprusCyprusMoroccoEgyptLibyaBosnia and HerzegovinaNorth MacedoniaSerbiaMontenegroKosovoUnited StatesIran

Countries named in the cited reporting. Highlighting does not show the area affected. Map: Natural Earth.

How the effects could reach youConditional effectsConditional impact diagram. Reported development: Trump’s oil and gas trades continued during the 2026 Iran war. security: Public scrutiny of official decisions and personal holdings may intensify. Only if: Further disclosures or evidence would need to connect a trade to a policy decision. These are possible effects, not probabilities or a forecast.
A possible pathway, conditional on the factors shown.Reported basis: [1]

Based on one source with available article excerpts. Source-linked claims are not independent confirmation.

Event date: The filings covered transactions through the second quarter of 2026; one reported ExxonMobil sale occurred on April 7, 2026. [1]

What happened

CBS News reported that Trump’s investment accounts continued buying and selling oil and natural-gas company stocks while he oversaw the U.S. war with Iran. The filings covered activity through the second quarter of 2026. [1]

References for this detail (1)

The reported sequence included the war continuing, pausing for a ceasefire and then restarting. During that period, the accounts made oil and gas transactions described as worth hundreds of thousands of dollars. [1]

References for this detail (1)

One prominent transaction in CBS News’ review occurred on April 7, when the accounts sold between $500,000 and $1 million of ExxonMobil stock. That was also the day Trump declared a ceasefire in the war with Iran. [1]

References for this detail (1)

The Office of Government Ethics requires officials to report purchases and sales above $1,000 within 45 days, or within 30 days after learning about them. CBS News noted that the records can therefore lag transactions and that some 2026 filings were late. [1]

References for this detail (1)

A Democratic estimate put Trump’s oil and gas holdings at $17 million to $61 million by mid-August, compared with $13 million to $46 million at the start of 2026. The estimate used 2025 holdings, and the disclosure system reports ranges rather than precise values. [1]

References for this detail (1)

Context from the sources

When CBS News previously examined the trades, some fund managers said they believed the transactions could be part of a strategy to reduce Trump’s tax bill. That explanation was attributed to the fund managers, not established as the purpose of every trade. [1]

Explore the sources and reporting timeline

1 source links · 1 domains

These counts describe the references, not independent confirmations. Different outlets can repeat the same original report.

Source timeline

Oldest to newest among the available source dates, not a chronology of the incident. Article publication dates come from the source; other recorded dates may reflect when a link was found.

  1. Article published: Aug 27, 2026, 10:00 AM UTC[1] Trump's oil and gas stock trades continued during Iran war, filings showcbsnews.comReferenced for: detail 1, detail 2, detail 3, detail 4, detail 5

Questions answered by the reporting

What was notable about the April 7 transaction?

The accounts sold between $500,000 and $1 million of ExxonMobil stock on the day Trump declared a ceasefire, according to a disclosure filed in late June. [1]

What this could mean for you

Safety

Public scrutiny of official decisions and personal holdings may intensify.

Energy-sector trades made during a war can prompt conflict-of-interest concerns even when filings do not prove improper conduct.

Reported basis: [1] · The possible effect is interpretation.

Depends on: Further disclosures or evidence would need to connect a trade to a policy decision.

Possible time frame: months, if those conditions hold.

Possible consequences, not a forecast. Their relevance depends on your location and the conditions above.

For your country

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What changes the outlook

Risk increases if…

Additional filings could reveal larger or more directly connected trades.

Evidence linking a transaction to a government decision would make the conflict-of-interest issue more consequential.

Pressure eases if…

Clearer, timely disclosures and an independently documented explanation for the trades could reduce uncertainty.

Still unclear

The filings do not establish the exact dollar value of each transaction or the purpose behind every trade.

The available reporting does not establish a specific market or policy impact from the transactions.

Market implications

Market impact

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Sources (1)

References for the reported details. Separate links do not necessarily mean independent confirmation.

First tracked by DoomRadar: . AI-assisted analysis · . Based on linked headlines and available excerpts. Methodology · Report an error.