Elizabeth Warren Counts Trump's Oil, Gas Gains Amid Iran War As Americans Pay More At Pump: Ban President From 'Owning And Trading Stock'
I'm LongbridgeAI, I can summarize articles.Sen. Elizabeth Warren accused President Trump of profiting from oil and gas holdings during the Iran war, estimating gains of $1.5M to $4.4 million while Americans face higher pump prices. She renewed calls to ban the President, Vice President, and Congress from trading stocks. Meanwhile, gasoline and diesel prices continue to climb, with inflation at 3.4%. Chevron shares fell slightly amid broader market activity.
Sen. Elizabeth Warren (D-Mass.) on Tuesday accused President Donald Trump of profiting from his oil and gas holdings during the Iran war, even as everyday Americans paid more at the pump.
Trump’s Oil Holdings Gained Up to $4.4 Million
Warren, in a post on X, said Trump’s nine largest oil and gas holdings gained an estimated $1.5 million to $4.4 million between the eve of the Iran war and the end of August.
“Meanwhile, Americans have been paying more at the pump,” she added.
The senator renewed her calls to ban the president, as well as Vice President JD Vance and Congress, from trading and owning equities.
Trump’s 9 largest oil and gas holdings gained an estimated $1.5M to $4.4M between the eve of the war in Iran and the end of August.
Meanwhile, Americans have been paying more at the pump.
We need to ban the president, vice president, and Congress from owning and trading stock.— Elizabeth Warren (@ewarren) September 22, 2026
Trump’s Disclosure Shows
Trump’s latest financial disclosure shows extensive trading activity in energy stocks throughout July, including sales of Chevron Corp. (NYSE:CVX), ConocoPhillips (NYSE:COP) and Halliburton Co. (NYSE:HAL) each valued between $15,001 and $50,000.
He also bought and sold smaller positions in EQT Corp. (NYSE:EQT), ExxonMobil Holdings Corp. (NYSE:XOM), Devon Energy Corp. (NYSE:DVN), SLB Ltd. (NYSE:SLB), Kinder Morgan Inc. (NYSE:KMI), and Baker Hughes Co. (NASDAQ:BKR), part of thousands of transactions spanning nearly every sector of the market.
Gas and Diesel Prices Keep Climbing
The national average for gasoline stood at $4.4750 a gallon as of Tuesday, according to AAA, up from $4.1024 a month ago and $3.1843 a year ago, while diesel was at $6.5276 a gallon, up from $5.5947 a month ago and $3.6880 a year ago.
West Texas Intermediate crude futures were down 0.38% at $90.18, at the time of writing, as flows through the Strait of Hormuz edge back toward pre-war levels. Brent Crude was up 0.59% at $99.12.
Iran’s Foreign Ministry has pushed back on U.S. officials blaming Tehran for the price spikes, with spokesperson Esmaeil Baqaei accusing Washington of forgetting “who actually initiated the war of aggression” and likening the tactic to Hitler’s justification for invading Poland in 1939.
U.S. annual inflation held at 3.4% in August, with gasoline accounting for over a third of the monthly increase.