Democrats on a congressional committee say former President Donald Trump’s oil and gas stock holdings rose by as much as $15.5 million during a period when an Iran-related conflict raises energy prices. The claim is based on a Joint Economic Committee minority report, which alleges Trump held up to $45.6 million in oil and gas stocks in 2025. The report says the value of that portfolio could be as high as $61.1 million.
The outlets differ mainly in emphasis rather than the core figures. Quartz focuses on the reported portfolio amounts and the size of the alleged increase. CNBC adds political context, saying the stock trading disclosures could face heightened scrutiny if Democrats win control of either chamber in the upcoming midterm elections. In both accounts, the reported gains are linked to market moves associated with the Iran war, with Democrats pointing to potential alignment between the conflict and energy-share performance.
