President Donald Trump revealed that the background to his support for the Iran deal is the stock market, stating that the market is a judgment call "better than anyone else." This comment comes after the stock market hit an all-time high following the ceasefire agreement on Sunday.
As the President of the United States, he noted that the stock prices tend to pump up whenever the chances for peace increase, and they drop when negotiations stall. He treated the market as a real-time public vote on his Middle East strategy.
Market views on the Iranian agreement.
Trump made these remarks at the G7 meeting in France, just hours after announcing the agreement with Iran on Sunday.
He cited the stock market rally as evidence that the agreement is effective. This explains why he chose negotiation over escalation.
According to Trump, the market reacted immediately to every signal coming from the negotiations.
"The stock market is very jumpy. Every time we mention surprising news, like reaching an agreement, the market goes up. Negative stories make the market drop significantly every time."
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This approach fits long-standing patterns. Trump has used stock indices as real-time metrics to evaluate his presidency since his first term. He used this indicator as a basis for the decision to end the airstrikes once again.
All-time highs and a solid stock market.
The numbers gave him legitimacy. The S&P 500 closed at an all-time high of 7,554.29, up 1.65% on June 15. The Dow also rose by 468.77 points, nearing its own high of 51,671.
The Nasdaq jumped 3.07%. With signs of traffic resuming in the Strait of Hormuz, oil prices fell about 20% from their 2026 highs. The inflation pressures that Trump blamed on the conflict have eased.
"Recently, in a short period, the stock market has hit all-time highs, rising thousands of points."
He claimed that the market held up better than expected even during the Iranian airstrikes. This action briefly shook stocks and oil prices.
"I thought the stock market would drop 25% or 30%. The market was higher a week before we started this than at the beginning. This shows that the US economy is very robust."
Trump repeatedly mentioned historical benchmarks. He named one predecessor he doesn't want to emulate.
"He raised taxes too quickly and also raised interest rates too quickly at the same time. As a result, the Great Depression occurred."
Herbert Hoover was in the White House during the stock market crash that marked the start of the Great Depression in 1929.
The rising market under Trump was proof that he avoided the same situation.
What does it mean for cryptocurrencies?
Trump predicted that if energy prices fall and traffic in Hormuz resumes, the upward trend will continue.
"The world will make trillions of dollars, and the stock market will keep going up."
Cryptocurrencies are positioned on the same risk curve. Bitcoin (BTC) has dropped over 2% in a day, trading around $64,200. This is because the Fed has cooled down expectations for interest rate cuts, hitting leveraged shorts.
This token surpassed $67,000 after news of the ceasefire but then fell back.
Analysts warn that Bitcoin is still a high-beta risk asset that is linked to stock market sentiment.