Diplomatic agreements that resolve international conflicts can significantly impact global markets, as demonstrated by the Iran nuclear deal which achieved its objectives of ending conflict, reopening the Strait of Hormuz, and preventing Iran from obtaining nuclear weapons, while simultaneously causing the stock market to surge to record highs and oil prices to drop substantially.
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Trump touts ‘SUCCESSFUL’ Iran deal at G7 summit
Added:I mean, I would say it's one of the most successful.
And this meeting could not have come at a better time.
On Sunday we reached an agreement with Iran that achieves everything we set out to accomplish, everything and much more.
Ending the current conflict, reopening the Strait of Hormuz, and preventing Iran from ever obtaining a nuclear weapon. That's what it was all about. That was but 99% Iran cannot have a nuclear weapon. They can't develop it, buy it. They can never have a nuclear weapon.
And at the same time, with this announcement or close to it, as people started to think it was going to happen when Iran was making some very positive statements, the stock market has surged to record highs, picking up thousands of points over the last short period of time, thousands of points.
And oil is dropping like it has never dropped before. At levels that went in in numbers, down $7, down $8,
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