President Donald Trump’s disclosed oil and gas holdings may have increased by about 39% this year, potentially adding as much as $15.5 million to his wealth, according to Democratic staff on Congress’ Joint Economic Committee. Sen. Elizabeth Warren accused Trump of profiting from the Iran war, saying his energy stocks rose as oil and gas shares rallied. The committee said Trump held as much as $45.6 million in oil and gas stocks at the end of 2025 and that the portfolio could now be worth up to $61.1 million. Its analysis identified holdings in ExxonMobil, Chevron, Occidental Petroleum and ConocoPhillips, among others, while federal disclosure ranges make the precise gain impossible to calculate. The Trump Organization says independent financial institutions manage Trump’s fully discretionary accounts and make investment decisions without his input. The developments could intensify scrutiny of Trump’s portfolio and the administration’s Iran policy.