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Trump's energy stock holdings increased by an estimated $1.5 million to $4.4 million during the Iran War
On September 9, U.S. President Trump disclosed that the nine largest oil and gas companies 'positions increased by an estimated US$1.5 million to US$4.4 million between February 27 and August 31, just before the outbreak of the Iran War. Relevant positions include ExxonMobil, Chevron, ConocoPhillips, Occidental Petroleum and a number of refining and pipeline companies. Trump's investment account continued to buy and sell energy stocks during the war. As of June 29, the account had reported at least 23 related stock sales. On the first trading day after the first US and Israel attack Iran on March 2, his account bought shares of eight oil and gas companies, including ExxonMobil shares worth US$100,000 to US$250,000. On March 23, Trump postponed his attack on Iran's energy facilities before the opening bell. Brent crude oil fell nearly 11% that day. His account reported 16 purchases of oil and gas stocks that day, with a total value of approximately 163,000 to 570,000 U.S. dollars. On April 7, his account sold ExxonMobil stock worth US$500,000 to US$1 million; about two and a half hours later, Trump announced a ceasefire with Iran, and the stock opened down more than 6% the next day. Since the disclosure document does not provide the accurate number of shares, transaction prices and batches sold, the above estimates do not represent the actual realized profits or the current accurate positions. CNBC also found no evidence that Trump ordered transactions, knew relevant decisions in advance, or personal interests influenced policies. The White House said the investment portfolio is entirely run by independent managers.