President Donald Trump said the stock market drove his decision to back the Iran deal, calling it “more brilliant than anybody” as equities hit record highs after Sunday’s ceasefire agreement.

The U.S. president said share prices rose each time peace looked likely and fell whenever talks stalled, treating the market as a live referendum on his Middle East strategy.

A Market Read on the Iran Deal

Trump made the comments at a G7 conference in France, hours after announcing the Sunday agreement with Iran.

He cast the rally as proof the deal was working, and as the reason he chose negotiation over more bombing.

According to Trump, the market reacted to every signal coming out of the talks.

“The stock market is quite brilliant. Every time we said something amazing like we are going to settle, it would go up. Every time we said something negative … it would go down very big.”

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The framing fits a long pattern. Trump has treated equity indexes as a real-time scorecard for his presidency since his first term, and here he used them to justify ending the strikes.

Record Highs and a Resilient Stock Market

The numbers gave him cover. The S&P 500 closed at a record 7,554.29 on June 15, up 1.65%, while the Dow added 468.77 points for its own record finish near 51,671.

The Nasdaq jumped 3.07%. Oil has fallen roughly 20% from its 2026 peak as a Hormuz reopening came into view, easing the inflation pressure Trump blamed on the conflict.

“The stock market surged to record highs, picking up thousands of points over the last short period of time.”

He also argued the market held up better than he feared during the strikes on Iran, a move that briefly rattled stocks and oil.

“I thought the stock market would go down 25% or 30%. The stock market a week ago before we started this was higher than when we started, which tells you we have a very resilient economy.”

Trump returned repeatedly to a historical yardstick, naming the one predecessor he said he never wanted to resemble.

“He raised taxes too fast and raised interest rates too fast, all at the same time. And it caused the Great Depression.”

Herbert Hoover sat in the White House during the 1929 crash that opened the Great Depression.

For Trump, rising markets were the proof he had dodged that fate.

What it Means for Crypto

Trump predicted the gains would continue as energy prices fall and Hormuz traffic resumes.

“Trillions of dollars will be made by the world, and the stock market will … continue to rise.”

Crypto sits on the same risk curve. Bitcoin (BTC) trades near $64,200 after slipping more than 2% in a day, pressured once the Federal Reserve cooled rate-cut bets, a turn that punished leveraged shorts.

The token had popped above $67,000 on the ceasefire headlines before fading.

Analysts warn Bitcoin still trades as a high-beta risk asset tethered to equity sentiment.

The post Trump Finally Reveals Why He Backed Iran Deal appeared first on BeInCrypto.

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