Trump surprised by stock market comeback amid Iran conflict, thought Dow would be down 20%
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- Trump said he expected a 20% drop in the Dow and S&P 500, but the indices stayed near record highs as the Iran conflict unfolded.
- Oil held at roughly $90 a barrel, far below the $200 level Trump predicted, as shipments shifted to Texas, Louisiana, and Alaska.
- Bitcoin reclaimed the $75,000 milestone while Iran‑U.S. ceasefire talks progressed, boosting equity sentiment.
- Iran and the U.S. signaled a possible deal, helping keep oil prices stable.
- CNBC reported Trump expects a 'great deal' with Iran, reinforcing market confidence.
Why it matters: Investors win as equities and Bitcoin surge, while oil producers lose revenue from $90 barrel price, and the U.S. gains diplomatic leverage that curbs inflationary pressure.
