P138news.today138Wed 28 Oct08:33
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Trump's oil holdings surge as US grapples with war-driven fuel costs
President Trump's oil and gas stock holdings have nearly doubled in value since the Iran war began, while Americans face sharply higher fuel prices.
President Trump's personal holdings in oil and gas stocks have increased significantly since the war with Iran began nearly eight months ago. According to a report by Democrats on the Congressional Joint Economic Committee, Trump's oil and gas stocks are now worth between $22.5 million and $81.6 million, up from $12.6 million to $46 million at the end of 2025. More than 94 per cent of his new purchases came after the conflict began in late February. Meanwhile, Americans have faced soaring fuel costs: the national average for petrol stood at $4.29 a gallon on Monday, up from $2.98 before the war, and American families have spent an additional $101 billion on gas since the conflict began. Trump has described higher oil prices as a 'small price to pay' for neutralising Iran's nuclear threat and told supporters that US oil and gas companies are 'making hundreds of billions of dollars'.
From 6 outlets:
CNBC›
Summary written by AI from these reports. See news.today/ai
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