House Democrats just zeroed in on a way President Donald Trump has profited from a major pain point for Americans: gas prices.
A new report from Democrats on the Joint Economic Committee spotlights recent financial disclosure forms showing that over the past year, Trump’s brokers made massive investments in oil companies that are being enriched as his war with Iran has sent oil and gas prices soaring.
The Joint Economic Committee – Minority finds that so far this year, President Trump saw his wealth go up by as much as $15.5 million just through stocks he owned in oil and gas companies at the end of 2025. These companies’ profits and stock values are rising because Trump’s reckless war in Iran has caused gas and oil prices to skyrocket. The Committee finds that President Trump owned as much as $45.6 million in oil and gas company stocks in 2025, a portfolio that is now worth as much as $61.1 million given the surge in oil and gas stocks driven by Trump’s war in Iran.
Remember: Trump has said he’ll “never apologize” for his war causing Americans to pay higher gas prices — which he personally stands to benefit from. That’s certainly something for voters to think about as the midterms approach.
Each passing day seems to bring a new story about the negotiations with Iran either stalling or falling apart. This has given Americans every reason to believe the Trump regime is too incompetent to negotiate an end to this deadly war and its catastrophic economic impacts.
Ja’han Jones is an MS NOW opinion blogger. He previously wrote The ReidOut Blog.
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