Trump admits to shock stock trades into Iran War-affected energy companies

Washington DC - President Donald Trump in June disclosed more than 1000 stock transactions, including thousands of dollars-worth of trades into energy companies affected by the Iran war.

President Donald Trump made thousands of trades in June, including into energy companies directly affected by his war with Iran.
President Donald Trump made thousands of trades in June, including into energy companies directly affected by his war with Iran.  © AFP/Kent Nishimura

The transactions, which were disclosed in a filing to the Office of Government Ethics, targeting companies in a wide range of industries that Trump has direct influence over in his capacity as US president.

Notably, Trump purchased and sold thousands of dollars worth of stock in energy companies affected by the Iran war, drug manufactures impacted by his healthcare policy, and artificial intelligence firms including NVIDIA.

Amid ongoing questions about the president's finances and whether he has used his office to raise the billions he has earned since reentering office last year, the White House has insisted he has no influence over his investment accounts.

Trump issues ominous threat to China over links with Iran
Donald Trump Trump issues ominous threat to China over links with Iran

In a statement cited by CNN, White House spokesperson Davis Ingle said his portfolio "is independently managed by third-party financial institutions" and asserted "there are no conflicts of interest."

"Neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are being bought or sold," Ingle said.

Despite these claims, Trump's disclosures reveal he traded stocks between $1001 and $15,000 in Exxon Mobil as oil and gas prices dramatically fluctuated due to the Middle East conflict. He also traded stocks in Chevron, ConocoPhillips, Valero Energy, and Occidental Petroleum.

Shockingly, he also bought and sold stocks in US government defense contractors including Lockheed Martin, Northrop Grumman, General Dynamics, and RTX. SpaceX stocks worth between $15,001 and $50,000 were also traded.

Michigan Senator Elissa Slotkin hit back against the disclosure, declaring on X: "President Trump is timing personal stock trades around government actions."

"It’s shameless self-enrichment and it should be illegal. People who use their government jobs to get rich should pay severe legal and financial penalties."

Cover photo: AFP/Kent Nishimura

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