Former U.S. President Donald Trump stated that the conflict with Iran is nearing an end, predicting a subsequent boom in the stock market and a decline in oil prices.
Assessment of the Iran Conflict
Speaking to Fox Business anchor Maria Bartiromo, Trump asserted that the United States has achieved a military victory over Iran. He stated that the conflict was "very close to over," adding that the current situation would take Iran decades to rebuild.
Regarding the conflict's objective, Trump emphasized the necessity of preventing Iran from acquiring nuclear weapons, stating, "We have to stop them from ever having a nuclear weapon."
Economic and Market Predictions
Trump downplayed global market volatility caused by the war, making several predictions about the economic fallout:
- Stock Market: He predicted that once the war concludes, the stock market "is going to boom, it's already booming."
- Oil Prices: He suggested that oil prices, which have risen due to supply disruptions, would soon fall.
Diplomatic Negotiations Update
Trump's comments came amid growing market optimism regarding a diplomatic resolution to the U.S.-Iran tensions, despite the failure of peace talks held the previous weekend.
- Second Round of Talks: A White House official told CNBC that a second round of negotiations between Washington and Tehran was under discussion, though no official schedule had been set.
- Potential Location: Trump later informed the New York Post that fresh U.S.-Iran talks could potentially take place in Islamabad within the next two days. This followed an initial statement suggesting negotiations might be slower and held in Europe.
