Trump’s Portfolio Traded Stocks as The Iran War Reshaped Markets. New Disclosure Details More Than 1,000 Transactions.

President Donald Trump disclosed more than 1,000 additional stock transactions made in June, including trades involving oil producers and defense contractors directly exposed to the economic and geopolitical fallout from the Iran war, according to a new financial disclosure.

The transactions, reported in a filing with the U.S. Office of Government Ethics, add to an extraordinary volume of investment activity during Trump's second term and are likely to intensify questions about potential conflicts between his presidency and his personal financial interests.

The White House has repeatedly maintained that Trump does not direct the investments and that his portfolio is independently managed.

Among the most notable transactions were trades involving energy companies whose share prices can be affected by developments in the Iran war. The conflict has disrupted energy markets, pushed oil prices higher and contributed to rising gasoline prices in the United States.

Trump reported two separate sales of Exxon Mobil shares, each valued between $1,001 and $15,000, followed later by an Exxon purchase within the same disclosure range. His filing also showed three transactions involving Chevron, including both purchases and sales. Chevron has occupied an unusually prominent place in the administration's energy and foreign policy because of its operations in Venezuela.

Other energy transactions disclosed for June included three sales of ConocoPhillips stock, a sale of Valero Energy shares and a purchase of Occidental Petroleum. Trump's portfolio activity extended beyond energy.

The president's portfolio bought and sold shares in several of the country's largest defense contractors between June 12 and June 24, a period when negotiations involving Iran were underway. The companies included Lockheed Martin, Northrop Grumman, General Dynamics and RTX.

Some shares were sold just one day after Trump had purchased stock in the same company, CNN reported. The disclosure does not by itself establish that Trump personally ordered the transactions or that the trades were based on nonpublic information.

But their timing and frequency could add to scrutiny from congressional Democrats and government ethics watchdogs because decisions made by the administration can directly influence the industries represented in the president's portfolio.

Trump also reported transactions involving companies in sectors where his administration has pursued significant policy changes, including pharmaceutical giants Eli Lilly and Merck and artificial intelligence chip leader Nvidia.

Another investment stands out because of Trump's relationship with its founder. The president disclosed purchasing between $15,001 and $50,000 worth of SpaceX stock following the space company's highly publicized initial public offering. SpaceX is controlled by billionaire Elon Musk, a political ally of Trump.

The latest filing comes amid broader attention to the expansion of Trump's wealth since returning to the White House. Earlier financial disclosures showed Trump receiving billions of dollars connected to cryptocurrency holdings, royalties and real estate investments during 2025, according to CNN.

Combined with the thousands of securities transactions reported this year, the activity represents a stark departure from the financial practices adopted by many previous presidents.

Presidents are generally exempt from federal conflict-of-interest laws that prohibit many other executive branch employees from participating in government matters that affect their financial interests. Previous presidents, however, have frequently taken additional steps to reduce the appearance of conflicts.

Trump's financial arrangements have long differed from those of his predecessors. During his first presidency, he retained ownership of his business empire while placing its management in a trust overseen by his sons.