Democratic and Republican lawmakers alike emerged Thursday from a closed-door briefing frustrated by what they said was a lack of clear answers from Pentagon policy chief Elbridge Colby on the Trump administration’s National Defense Strategy and the ongoing Iran war. The briefing with the Senate Armed Services Committee started off…
Page F3From§Eachthe early evening edition — 17 September 2026
THE INVOICE
Trump's Pentagon can't explain his own Iran war to senators, but his stock filings already show the profit.

As it ran on the front
The ledger on this war has two columns, and only one of them balances.
In June, according to a financial disclosure filed with the Office of Government Ethics and released in late August, President Trump made more than 1,000 stock trades, some of them in energy companies whose shares were climbing on a war he'd started three months earlier. The filing doesn't explain why an energy portfolio would be having a good month during a shooting war that runs straight through the oil lanes of the Strait of Hormuz. It doesn't have to. The gap closes itself.…
…(cont) The shooting kept going. On September 6th, with U.S. and Iranian forces trading strikes, Energy Secretary Chris Wright went on four Sunday shows to tell the country the gas prices climbing that weekend were nothing to worry about. On the 9th, the president told reporters the war would not be over before the midterms. The next day, his defense secretary sat down with CBS — the interview itself had been taped a month before — and said the United States has "all the control in the world," citing "historic" devastation to Iran's military capabilities.
Control, it turns out, does not come itemized. On Thursday, Pentagon policy chief Elbridge Colby briefed the Senate Armed Services Committee behind closed doors on the war and the administration's strategy, and lawmakers from both parties walked out saying they still had no clear answer. The president, briefing reporters that same morning, described the next move as binary: stay the course, or "go in and annihilate them." A price tag was not on offer from either option, and the public reached its own verdict without waiting for one — a Fox News poll out that week found 71 percent of voters think this administration has no plan to end the war, and 60 percent now call the whole operation wrong.
Thursday also produced a bill nobody in that hearing room could itemize: officials confirmed Iran had shot down at least two more American drones. Drones cost money. Somebody wrote that check; the committee wasn't told how much.
Here is the reconciliation, hon. The Pentagon's books on this war don't close. The president's brokerage statement's books do. When the number the Armed Services Committee is owed shows up instead on a disclosure form filed with a completely different office, that isn't a missing figure. That's a figure that was never meant to be theirs to see.
“That hearing room couldn't give the Senate a straight number on this war, but somebody at 1600 Pennsylvania kept a receipt for every single stock trade made in June — over a thousand of them. That's not fog of war, that's bookkeeping. You're the one paying at the pump for a war they can't even itemize for their own bosses in Congress.”
“Look, closed briefings are closed for a reason — you can't expect a line-item invoice on an active engagement in real time. And the stock disclosures, that's just standard paperwork every official files, it's not like the trades are timed to — did I say timed? I meant routine, it's completely routine paperwork, that's my point, and also completely legal, which is a different point I'm making now instead.”
The receipts
A Fox News poll finds 70% of voters say Trump lacks a clear strategy for the Iran war, while 60% now call the military action the wrong decision.
U.S. officials tell CBS News that Iran downed at least two American drones in recent days. CBS News' James Laporta reports.
Trump promised to settle the Ukraine war within 24 hours - CNN counted 53 separate such promises CNN fact check, 25 April 2025 (all 53 instances)
Trump says he has a ‘big decision’ coming up on Iran: ‘Do I want to go in and annihilate them?’President Trump said Thursday that he was at a crossroads over whether or not to renew attacks in Iran to wipe out the regime and bring the war to an end.
· Big Oil Stocks Surged Due to Iran War—and New Filings Show How President Trump Cashed In from the morgue, 27 Aug 2026
· Hegseth on "devastation" to Iran's capabilities from the morgue, 10 Sep 2026
· Trump admits Iran war will not end before midterms from the morgue, 9 Sep 2026
· Live updates: Energy secretary downplays rising gas prices as US, Iran trade strikes from the morgue, 6 Sep 2026
This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front. The byline is a pen name for a column drafted by a machine and checked by the editor: how this is made.