Trump ties Iran action to market resilience

Trump ties Iran action to market resilience

US President Donald Trump said recent military action against Iran was undertaken despite expectations of a sharp economic shock, arguing that preventing Tehran from acquiring nuclear weapons outweighed risks to markets and oil prices.

Speaking at an event in Florida, Trump said he had anticipated a significant market reaction. “I thought the stock market would go down by 25 percent, and oil prices would surge,” he said. “But we have no choice. We can’t let them have a nuclear weapon.”

He confirmed that the US deployed B-2 Spirit bombers during the operation, claiming the strike halted Iran’s nuclear progress. Trump also asserted that Iran’s military capabilities had been severely weakened, citing damage to its naval and air assets.

Despite the risks, Trump said the economic fallout has been limited so far. He noted that stock markets have remained strong and oil prices have not risen as sharply as expected. “I’m surprised,” he said, pointing to stable energy markets in the aftermath of the strike.

The President highlighted the strategic importance of the Strait of Hormuz, through which a significant portion of the world’s oil supply passes. He suggested that current congestion in the corridor could ease in the coming weeks, potentially leading to lower fuel prices.

Trump linked the military decision to broader economic resilience, stating that strong domestic growth and record employment levels have helped cushion potential shocks. He described the move as part of a strategy that balances national security with economic strength.

While defending the action, Trump acknowledged ongoing uncertainty and said operations in the region are not yet complete. The remarks underscore the continued volatility in West Asia and its implications for global energy markets and geopolitical stability.

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