While Trump insisted the Iran war would end ‘soon,’ an account in his name was buying millions in oil, defense and gold
President Trump has been actively trading stocks during the ongoing Iran war, despite claiming it would end soon. His brokerage account has made significant purchases in oil, defense, and gold stocks, raising concerns about potential conflicts of interest. This marks a departure from the traditional practice of U.S. presidents using blind trusts or other methods to avoid such appearances.
- ▪Trump's brokerage account bought millions in oil and defense stocks while he claimed the Iran war would end soon.
- ▪The account executed 3,642 trades in the first three months of 2026, with a trading volume between $220 million and $750 million.
- ▪Traditionally, U.S. presidents have avoided active trading to prevent conflicts of interest.
Opening excerpt (first ~120 words) tap to expand
On the morning of Monday, March 23, President Trump pulled his first “TACO” of the Iran war. After four weeks of fighting, with oil prices already up 55%, Trump had given Iran an ultimatum on Friday: make a deal within 48 hours, or the U.S. would strike its power plants and energy infrastructure.Recommended Video But on Monday morning, Trump reversed course. In an all-caps Truth Social post, he announced the U.S. and Iran had been having “very good and productive conversations” and that he would extend the deadline for a deal by five days. Wall Street, for the first time since the war began, exhaled. Stocks rose. Brent crude plunged nearly 11%. Energy stocks — one of the few reliable winners of the conflict — sold off with oil.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
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