President Donald Trump said the stock market drove his decision to support the Iran deal, calling it “shiner than anyone else” as stocks reached record highs after the ceasefire agreement on Sunday.
The US President said that stock prices rise whenever peace seems possible and fall whenever the talks falter, treating the market as a live referendum on his strategy in the Middle East.
Read the market on the Iran deal
Trump made the comments in a G7 conference in FranceThis came hours after the announcement of the agreement on Sunday with Iran.
He considered the gathering evidence of the success of the agreement, and a reason for choosing negotiation rather than more bombing.
According to Trump, the market reacted to every signal that came out of the talks.
“The stock market is so great. Every time we said something great like we’re going to stabilize, the stock prices went up. And every time we said something negative… they went down pretty dramatically.”
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The frame suits a long style. Trump has treated stock indexes as a real-time scorecard of his presidency since his first term, and here he used them to justify ending strikes.
Record highs and a resilient stock market
The numbers gave him cover. The S&P 500 closed at a record 7,554.29 on June 15, up 1.65%, while the The Dow added 468.77 points His record ended near 51,671.
The Nasdaq index jumped 3.07%. Oil has fallen nearly 20% from its peak in 2026 with the appearance of a reopening of the Strait of Hormuz, easing inflationary pressure that Trump blamed on the conflict.
“The stock market has risen to record highs, gaining thousands of points over the past short period.”
He also said the market held up better than he feared during the strikes on Iran, a move that lasted briefly Stocks and oil were shaken.
“I thought the stock market was going to go down 25% or 30%. The stock market the week before we started was higher than it was when we started, which tells you we have a very resilient economy.”
Trump repeatedly returned to the historical scale, mentioning the name of his predecessor, whom he said he never wanted to resemble.
“He raised taxes too quickly and raised interest rates too quickly, all at the same time. That caused the Great Depression.”
Herbert Hoover sat in the White House during the crisis of 1929 that led to the beginning of the Great Depression.
For Trump, rising markets were proof that he had evaded that fate.
What does it mean for cryptocurrencies
Trump expected the gains to continue as energy prices decline and traffic resumes in Hormuz.
“The world will make trillions of dollars, and the stock market will continue to rise.”
Cryptocurrencies fall on the same risk curve. Bitcoin (BTC) is trading near $64,200 after falling more than 2% in a single day, after coming under pressure once the price of Bitcoin rose. The Fed has cooled interest rate cut betsa shift that punished leveraged shorts.
It was the symbol It popped above $67,000 On the headlines of the ceasefire before it fades away.
Analysts warn that Bitcoin is still being traded as a high-risk asset linked to stock sentiment.
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