Multiple outlets report that an analysis by CNBC says Donald Trump’s oil and gas investments increase in value while fighting between Israel and Iran proceeds, with market moves lifting parts of his energy portfolio. CNBC examined Trump’s reported energy positions and trading activity and estimated gains over the first six months of the conflict.
According to Quartz, CNBC’s look at Trump’s nine largest energy holdings found they rose by amounts ranging from roughly $1.5 million to as much as $4.4 million during that period. CNBC also characterizes the gains as occurring alongside increased volatility and shifting demand and supply expectations tied to the war, with Trump’s accounts continuing to trade.
While the outlets align on the existence and size of the estimated gains, their emphasis differs slightly: Quartz focuses on the reported range across the largest positions, while CNBC highlights the continuation of trading and how the war affects energy markets. Neither source, as presented here, provides additional independent verification beyond CNBC’s analysis or details about how each holding’s performance is calculated.
