From§Each

Page F2From§Eachthe early evening edition — 11 September 2026

THE TAKE

Same war that pushed diesel toward record highs made Trump's oil stocks up to $4.4 million richer.

“Daily on Energy: The threat of higher diesel prices to grocery bills”, 11 September 2026 (Photo via Washington Examiner — the original report)

As it ran on the front

Thursday, Houthi forces took a position along a Red Sea chokepoint. Friday, Saudi Arabia closed the East-West Pipeline, the route the kingdom uses to bypass the Strait of Hormuz, calling it a precaution after "multiple attacks." Two days, two separate actions, one direction for the price of diesel: up.

It didn't have far to climb. On September 4th, diesel already hit an all-time high of $5.85 a gallon, and the Associated Press laid out why that number leaves the pump and follows you home: diesel moves the trucks that move freight, and freight moves groceries. A tank of diesel and a cart of groceries are now, functionally, the same invoice, paid in two places.…

…(cont) By Friday the Washington Examiner had run its own piece on what higher diesel prices mean for grocery bills — the same question this desk is asking, filed a few columns over. The mechanism is sitting right there in the AP's line from the 4th: transportation costs climb, and the number on the receipt at the register climbs behind them. That's not a forecast. That's arithmetic that already happened once this month, and the Red Sea and the pipeline just gave it a reason to happen again.

Now the ledger's other column. On August 27th, a mandated filing with the Office of Government Ethics showed President Trump made more than 1,000 stock transactions in June alone, a chunk of it in energy companies posting record profits off the war with Iran. Two weeks later, on September 9th, an analysis of his nine largest fossil fuel holdings put the gain at up to $4.4 million since the war began — a war that has not, in the meantime, stopped for a pipeline shutdown or a Red Sea chokepoint. If anything, the chokepoint helps the number.

So: one line goes to the truck driver, the grocery cashier, and the family filling a diesel pickup — $5.85 a gallon and climbing, on a pipeline closure that happened Friday because of an attack that happened Thursday. The other line goes to nine stock positions that gained as much as $4.4 million while the first line was climbing. Same war. Same six months. Two different people paying the bill and cashing the check.

This desk isn't required to editorialize the gap. The Office of Government Ethics filing gives the receipts a due date; the pump gives its receipt every time the tank fills. Filed side by side, the two documents require no adjective, hon — just the next line in the ledger, and whoever's name is on it.

“They tell you diesel prices are just the market doing its thing, like weather rolling through. But in the same six months the market decided to charge you $5.85 a gallon, it also decided to hand Trump up to $4.4 million on his own oil stocks. That's not weather — that's a war with a stock ticker attached, and the invoice got split down the middle: his half posts as a gain, yours posts at the pump.”
Sal
“Look, a president's financial disclosure is required by law — that's called transparency, that's the system working exact— wait, did I just call a diesel spike "the system working"? That's not — the pipeline closure is a Saudi call, that's not on us, the Iran war is a separate matter, the stock portfolio is a blind trust, or it's not, but either way none of these things are related, obviously.”
Chip

The receipts

Trump's Top Oil Stocks Have Made Him Up to $4.4 Million Richer During Iran War: Analysis
Common Dreams§

An analysis published by CNBC on Wednesday estimates that President Donald Trump has grown millions of dollars richer thanks to the illegal war with Iran he launched more than six months ago. CNBC calculated its estimate by examining the nine largest fossil fuel company holdings listed in the president's annual financial disclosure, and…

Saudi Arabia shutters key pipeline bypassing Strait of Hormuz following Houthi offensive
Washington Examinerright§

Saudi Arabia on Friday moved to halt a key oil pipeline used to bypass the Strait of Hormuz after Iranian-backed Houthi militants launched a series of attacks the day prior, dealing another blow to the kingdom’s ability to move oil. The Saudi energy minister said Friday that the East-West Pipeline was closed as a precaution after…

· Big Oil Stocks Surged Due to Iran War—and New Filings Show How President Trump Cashed In from the morgue, 27 Aug 2026

· 'Trump Did It!': At $5.85 a Gallon, Diesel Price Hits All-Time High in US Thanks to War on Iran from the morgue, 4 Sep 2026

This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front.