Trump Cites Stock Market Gains as Motivation for Iran Peace Deal

US President Donald Trump recently signed a memorandum of understanding with Iran during the G7 Summit in France, aiming to end a conflict that began on February 28. The stated motivation behind pushing for the deal was the performance of the stock market. According to Trump, 'every time we talked about the possibility of peace, the stock market shot up like a rocket ship.'

The Dow Jones Industrial Average saw significant gains near $52,000 during trading sessions surrounding the deal, while Brent crude oil prices dropped by more than 5% to approximately $82. Major indices showed increases across the board from June 15-18 as traders positioned ahead of and reacted to the formal signing.

Bitcoin's price fluctuated between $66,000 and $77,000 in May and June as optimism around the peace deal built momentum. The cryptocurrency leaned into the risk-on narrative, with a world moving toward peace being perceived as an environment where investors feel more adventurous with their capital allocation.