Warren attacks Trump over oil stakes amid Iran war gains

Sen.

Elizabeth Warren (D-CA) delivered sharp criticism of President Donald Trump, accusing him of profiting off the war in Iran by investing in oil companies.

Trump Held Millions in Oil Stocks In a post on X on Tuesday, Warren said Trump’s oil-and-gas holdings had gained as much as $15.5 million in market value. “Donald Trump held millions in oil and gas company stocks at the end of 2025,” Warren said, adding that “those stocks are worth as much as $15.5 million more” currently.

Read Also: Chuck Schumer Says Iran War a 'Gift' to Trump's 'Big Oil' Friends Who Bankrolled His Campaign: 'One Promise He Actually Delivered On' (CORRECTED) “What happened? He started a war with Iran this year — and sent oil and gas stocks soaring,” Warren said, before sharing a link to a Senate Joint Economic Committee — Democrats article that said that Trump held “as much as $45.6 million in oil and gas stocks” at the end of 2025 in his portfolio, which was “now worth up to $61.1 million.” The committee also released an analysis, which showed that Trump’s holdings in companies like Chevron Corp (NYSE: CVX ), ExxonMobil Holdings Corp (NYSE: XOM ), ConocoPhillips (NYSE: COP ), Occidental Petroleum Corp (NYSE: OXY ) and more “went up by an average of 39 percent from January 2nd through August 17th.” Trump’s Holdings in Major Oil Producers The analysis showed Trump reported holding $3,180,009 to $12,450,000 in ExxonMobil, which grew 32% since January 2nd, bringing the President’s estimated holdings at $4,186,256 to $16,389,539.

Trump also held $2,595,010 — $11,350,000 in Chevron and the stock grew 30% since the beginning of the year, leading to his holdings surging to $3,374,012 — $14,757,184.

Read Also: Ross Gerber Rips Trump as Oil Soars: Iran Knows He Has ‘No Support’ Ahead of Midterms Trump’s Occidental Petroleum holdings ranged from $1,017,004 to $5,083,000, while the stock had grown 39% YTD at the time of publishing the report, which brought his holdings to between $1,416,798 and $7,081,178.

ConocoPhillips accounted for $647,008 to $1,430,000 in Trump’s oil stock holdings at the end of 2025, the report said, but the stock grew 32%, leading to his stake surging to between $853,489 and $1,886,358.

Iran War Trump, following the announcement of economic restrictions on Iran, said that the Strait of Hormuz was cleared of mines and that it was open.

However, Gov.

Gavin Newsom (D-CA) questioned Trump’s claims about the waterway, pointing to a Truth Social post the President made last week in which he claimed the mines in the Strait of Hormuz had been cleared.

On the other hand, Iran reaffirmed that participating in the economic measures against the country touted by the U.S. would be considered an act of war against Iran.

Tehran also vowed that no oil will pass through the Strait.

However, recent reports suggest the administration in Tehran was in talks with Oman over a temporary corridor to allow for the movement of vessels.

Read Also: Scott Bessent Says Trump Dismantled Iran's Military, 'Buried' Its Nuclear Program as Economic 'D-Day' Begins: 'Entering the Endgame' Check out more of Future Of Mobility coverage by following this link.

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