Trump says Iran deal is close as markets react to the prospect
Trump Iran deal hopes move oil and stocks as talks stay unresolved Markets watch for lower geopolitical risk while ceasefire hopes fade
President Donald Trump has repeatedly said a deal with Iran could be reached soon, but no agreement has been finalized after months of similar statements. The latest comments again drew attention from investors watching oil and stock markets for signs that the war could ease and the Strait of Hormuz could reopen.
Markets have often moved when Trump has suggested progress, with oil prices falling on hopes of a diplomatic breakthrough and stocks sometimes rallying on expectations of lower geopolitical risk. Analysts and traders say that reaction has continued even though the talks have not produced a lasting ceasefire or final agreement.
The report says Trump began making these claims in March and has repeated them more than 30 times since then. Some of his allies have also grown more skeptical, while both the U.S. and Iran have continued military actions as negotiations remain unresolved.