United States of America

Trump Oil Stocks Surge $15.5M, Democrats Claim

Is Trump personally profiting from the Iran War or a hands-off investor being falsely blamed?

Published 3 hours ago

Trump Oil Stocks Surge $15.5M, Democrats Claim

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Above: U.S. President Donald Trump speaks in the White House Rose Garden in Washington, D.C., on Aug. 24. Image credit: Jim Watson/AFP/Getty Images

The Spin

Anti-Trump narrative

The latest report by Democrats exposes the extent to which Trump is profiting from the economic hardship Americans are enduring. While families struggle to make ends meet, shelling out an extra $71.5 billion collectively at the pump since the Iran War began, Trump has made as much as $15.5 million from his oil and gas portfolio. If this isn't a conflict of interest, then nothing is.

MS Now US Congress Joint Economic Committee

Pro-Trump narrative

Democrats may not like it, but the truth is that President Trump does not manage his own investments. Rather, Wall Street firms handle these portfolios independently of any influence from Trump or his family. The notion that the president, who willingly sacrificed his salary, entered the White House to line his own pockets is a stretch that fails to hold up to scrutiny.

CNBC

The White House on Youtube