CNBC: Trump Made Millions Of Dollars Amid The War With Iran

The U.S. President has invested in the nine largest oil and gas companies.

U.S. President Donald Trump has invested in the nine largest oil and gas companies. Over the course of six months of war with Iran, the rise in the value of these stocks has earned him millions of dollars.

This was reported by CNBC News.

According to the report, journalists compared the value of the stocks in Trump’s portfolio between February 27—when the conflict with Iran began—and August 31.

Specifically, they identified nine assets in which Trump has investments. Among them are shares in Chevron, ConocoPhillips, ExxonMobil, Kinder Morgan, Marathon Petroleum, Occidental Petroleum, Phillips 66, Valero Energy, and Williams Companies.

As a result, amid the rise in these energy companies’ stock prices, the U.S. president earned between $1.5 million and $4.4 million. The range of profits depends on which value within the asset’s price range—as indicated in Trump’s financial disclosure—is used as the basis.

Trump’s reports indicate that at least 23 purchases and sales of shares in nine companies took place by June 29, which is the latest date on which the U.S. president disclosed information about any transactions.

However, the publication notes that the reports do not specify the exact number of shares, the transaction prices, or which specific shares were sold. Consequently, the estimates provided do not reflect Trump’s actual profits or the exact number of shares he owns.

CNBC added that it found no evidence that Trump or his investment managers executed transactions with prior knowledge of his decisions, that his financial interests influenced policy, or that he gave instructions to carry out any specific transactions.

Nevertheless, these documents are the latest example of how Trump holds multimillion-dollar financial assets in an industry affected by his administration’s military and diplomatic decisions.

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