[Trump's oil investments have gained millions during Iran war](https://www.cnbc.com/2026/09/09/trump-oil-gas-holdings-iran-war.html) is exactly the kind of headline that signals peak geopolitical premium. Energy insiders are already selling into this—XOM posted net margin, CVX at , MPC at —all elevated by supply disruption fears that evaporate the moment Hormuz traffic normalizes or ceasefire talks resume.

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