Trump Asked About Iran Deal: 'How Do You See This Agreement Further Affecting Energy Prices?'

[00:00:02]Go ahead, please.

[00:00:03]>> Thank you, President Trump. Oil prices are now plummeting. How do you see this agreement further affecting energy prices in the US and the US economy in the long term? And secondly, Mr. President, how do you think Vice President J.D. Vance did on The View yesterday?

[00:00:18]>> Well, first of all, thank you for the word plummeting because that's what's happening. Oil prices are plummeting.

[00:00:25]And that means oil prices are going to come down. You know, if you make donuts, you have a heating, you have a stove, and you have to buy the the heat you need, the gas or the electricity or whatever you're using.

[00:00:37]And when oil prices come down, oil is the biggest thing. Oil is you get oil prices coming down, and they're going to come down. And we're hitting into threes now for gasoline, and then it'll come down a lot lower.

[00:00:48]So, I was in Iowa just before this started. I was saying to myself, I can't believe we're doing so well, but I have to go. And we have to put out this fire in Iran because I don't want them using a nuclear weapon. They would have used a nuclear weapon. 100% they would have used it. The only question is was it going to be that day or that week? They would have used a nuclear weapon. They were on the way. And I said, "We're going to have to put out the fire."

[00:01:10]And I said, "You know, oil prices, so gasoline, we passed two gas stations in Iowa, made a speech up there. The people are great. I won it by so much. And I love the people, the farmers.

[00:01:25]And we passed two gas stations. One was $1.85. One was $1.91.

[00:01:31]Now, that's Iowa, but it was I mean, California has all those crazy taxes that they put on, you know, California taxes. But the the oil was down to $2 to I'd say between two and 250.

[00:01:44]And it was it was heading down further.

[00:01:48]And we were going to have a great run.

[00:01:49]We took a little journey down to a place called the Islamic Republic of Iran.

[00:01:56]And we bombed the hell out of them, and now they can never have a nuclear weapon. Now, we had a disturbance, but I must say it was much less than anybody thought. The oil never went to $350 a barrel, it went to 115, 120.

[00:02:13]The oil never went anywhere near that.

[00:02:15]And the other thing, I thought the stock market would go down 25 or 30%. The stock market a week ago before we started this was higher than it was when we started, which tells you that we have a very resilient economy. We have the strongest economy we've ever had. Now, the word affordability is a fake word for but made up by the Democrats. Here's where it's fake, cuz they made it up, because I inherited these prices.

[00:02:42]And when I had my first news conference, first day, they started screaming affordability, the Democrats. Affordability, affordability, they're screaming. I said, "What's that all about?" They They gave it to me. They gave it to me. It's affordability.

[00:02:58]And they use that word to affear they will.

[00:03:01]Well, they were the ones that created the affordability crisis. I'm the one that got it down. Remember, highest insurance rates in history, highest rates for everything. Eggs, remember eggs? They were four times more expensive than they were in my administration. And I got it down, Peter, very quickly.

[00:03:18]Our secretary did a good job of agriculture, Brooke. She did a great job with eggs and everything else. And now that the oil is coming down, you're going to see everything follow.

[00:03:29]Everything follows the cost of energy.

[00:03:31]And we're going to end up having the lowest energy anywhere in the world.

[00:03:35]Please.