While Americans pay the price for President Trump’s war in Iran, he appears to be cashing in on it.
Trump made more than 1,000 dubiously timed stock trades in June, including thousands of dollars in exchanges with companies directly impacted by the Iran war, according to a CNN analysis of a filing with the Office of Government Ethics. As the war drags on, Trump’s portfolio seems to be thriving.
The filing reveals that Trump got involved with U.S. defense contractors including Lockheed Martin, Northrop Grumman, General Dynamics, and RTX. Although the exact amounts the president traded are not disclosed in the filing, the dates conspicuously coincide with Iran negotiations between June 12 and 24. According to the filing, Trump purchased Lockheed Martin stock on June 15 and sold on June 16, one day before signing the now-defunct memorandum of understanding with Iran. He purchased Lockheed Martin stock again on June 23, less than a week after signing the deal.
Alongside those eyebrow-raising investments, the president bought and sold energy stocks with Exxon Mobil and Chevron, each to the tune of somewhere between $1,000 and $1500, as oil and gas prices skyrocketed for consumers.
Those investments join others in Palantir, Meta, Boeing, SpaceX, Broadcom, and Nvidia, all of which are currently in business with his administration. It’s no secret that Trump has used the presidency for profit—according to his 2025 financial disclosure, he made over $2 billion in his first year back in the White House alone. His personal gains, boosted by cryptocurrency ventures, foreign real estate, and his many, many stock trades, eclipse what any of his predecessors made during their time in office.
Still, the White House claims that Trump is not personally involved in his own investment portfolio. According to spokesman Davis Ingle, there are “no conflicts of interest,” and Trump’s assets are in a trust managed by his children.
The Iran war has made life more expensive for Americans. Gas prices are higher, groceries are more expensive, and inflation has crept back up. For Trump, it’s another investment opportunity.
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