From Jalopnik · Collin Woodard · · 1m
Trump Brags Oil Companies Make Billions While Gas Costs Rise
Trump claims oil companies profit billions from Middle East war as gas prices rise.
In brief
Trump claims oil companies profit billions from Middle East war as gas prices rise. Trump says oil and gas companies are making hundreds of billions from the Iran conflict while regular Americans pay more for gas. Originally reported by Jalopnik.
Gas Prices Rise
The average U.S. gas costs $4.29 per gallon, while diesel costs $6.35.
Trump's War Claim
Trump said oil companies make hundreds of billions from the Middle East war.
“All in the Hormuz Strait, there are ships waiting to come, we're getting them out so fast. The United States oil and gas business is making hundreds of billions of dollars.”
Windfall Profits
Oil companies reported billions in windfall profits from the Iran conflict.
Trump's Wealth
Trump's oil and gas holdings increased from $12.6 million to $22.5 million in 2025.
Stock Gains
Trump bought $4.7 million to $17.5 million in oil and gas stocks since the war began.
Consequence
Trump's wealth growth from the war raises questions about his role in the conflict.
At a glance
Trump says oil and gas companies are making hundreds of billions from the Iran conflict while regular Americans pay more for gas.
