"Trump stated, 'Even when it was down more a couple of weeks ago, I was surprised. I thought it would be down much more, and I thought the oil would be much higher, and I'm very happy to say that it wasn't.' This reflects his unexpected optimism regarding the economy during the Iran conflict."
"He remarked, 'If you would have told me that oil is at 90 as opposed to 200 [dollars per barrel] I would be frankly, surprised.' This indicates his belief that oil prices should have reacted more severely to the geopolitical tensions."
"'We're going down to a place called Iran,' Trump said, framing the potential market damage as 'peanuts' compared to the risks of nuclear confrontation. This highlights his prioritization of economic stability over military concerns."
"Goldman Sachs acknowledged that while the market rally is real, it is fundamentally a bet on the resolution of the conflict, suggesting that the economic outlook is tied to geopolitical developments."
President Trump expressed surprise at the U.S. economy's resilience amid tensions with Iran, believing oil prices should be higher. He noted the Dow's performance and framed the conflict as an economic near-miss. Analysts, however, caution that while the market rally is real, it is based on the expectation of a resolution. Trump's remarks included a humorous take on informing his cabinet about the situation, emphasizing that stock market fluctuations are minor compared to potential military conflict.
Read at Fortune
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