In his own words: Trump on gas prices and energy costs since launching the war with Iran
Published . Updated .
Covered by 4 outlets: KIRO 7 News Seattle, 95.5 WSB, Audacy, Associated Press.
Who covered it: Center 1 · Not rated 3. How we rate outlets
Since launching the war with Iran nearly eight months ago, U.S. President Donald Trump has struggled to quell soaring energy costs, undermining Republicans’ attempt to keep control of Congress in the midterm elections next week
Directly affected
- No company is named in this report.
Indirectly affected
- BNO United States Brent Oil Fund+14.2% 30d
Tracks Brent when Iranian supply is at risk. Linked by “iran + war” in this story
- BWET Breakwave Tanker Shipping ETF+64.8% 18d
Tanker freight rates move with Iranian export risk. Linked by “iran + war” in this story
- USO United States Oil Fund+8.2% 30d
Oil prices move when Iranian supply is at risk. Linked by “iran + war” in this story
- XLE Energy Select Sector SPDR+7.4% 30d
Energy companies move with Iran supply risk. Linked by “iran + war” in this story
- XOM Exxon Mobil+11.0% 11d
Oil producers earn more when crude prices rise. Linked by “iran + war” in this story
- CVX Chevron+9.9% 30d
Oil producers earn more when crude prices rise. Linked by “gas prices + prices” in this story
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| BNONo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| USO | -5.13% | -5.78% | base | after close | after close | after close | after close |
| XLE | -2.19% | -1.69% | base | after close | after close | after close | after close |
| XOM | -2.72% | -2.80% | base | after close | after close | after close | after close |
| CVXNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
In his own words: Trump on gas prices and energy costs since launching the war with Iran KIRO 7 News Seattle
Source: KIRO 7 News Seattle
Price since this story was published: United States Oil Fund (USO)
| Company | When | Move | Status |
|---|---|---|---|
| United States Oil Fund (USO) | three days earlier | -5.78% | final price |
| United States Oil Fund (USO) | five days earlier | -5.13% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -1.69% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -2.19% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -2.80% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -2.72% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 56 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 87 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 54 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 61 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 33 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Kevin Hern sold Lockheed Martin (LMT) (jointly held), worth $15,001 - $50,000 on 17 Sep 2026. That is 39 days before publication. Filed 13 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around United States Oil Fund (USO)
Likely winners
- USO United States Oil Fund
United States Oil Fund (USO) tends to benefit, medium confidence in the 26 Oct 2026 story “In his own words: Trump on gas prices and energy costs since launching the war with Iran.” Reason on file: Oil prices move when Iranian supply is at risk. Linked by “iran + war” in this story
- XLE Select Sector Spdr Tr
For “In his own words: Trump on gas prices and energy costs since launching the war with Iran,” Select Sector Spdr Tr (XLE) tends to benefit, medium confidence. Reason on file: Energy companies move with Iran supply risk. Linked by “iran + war” in this story
- LMT Lockheed Martin
Lockheed Martin (LMT) tends to benefit, medium confidence in the 26 Oct 2026 story “In his own words: Trump on gas prices and energy costs since launching the war with Iran.” Reason on file: Defense contractors get more work when conflict spending rises. Linked by “iran + war” in this story
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 26 Oct 2026 story “In his own words: Trump on gas prices and energy costs since launching the war with Iran.” Reason on file: Oil producers earn more when crude prices rise. Linked by “iran + war” in this story
How defense news reaches United States Oil Fund (USO)
“In his own words: Trump on gas prices and energy costs since launching the war with Iran” (26 Oct 2026) reaches United States Oil Fund (USO) through Defense.
United States Oil Fund (USO) is on the page because Oil prices move when Iranian supply is at risk. Linked by “iran + war” in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy companies move with Iran supply risk. Linked by “iran + war” in this story
Price levels for United States Oil Fund (USO)
LMT traded between 497.32 and 609.35 across 20 sessions. The latest close on file is 604.45. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 169.55. XLE traded between 60.95 and 69.72 across 20 sessions. The latest close on file is 69.32.
The defense score for United States Oil Fund (USO)
56 out of 100
“In his own words: Trump on gas prices and energy costs since launching the war with Iran” scores 56 out of 100. The score uses 4 sources, and 4 linked companies.