America News Agency

US President Donald Trump made statements during the summit in France during his meeting with Egyptian President Abdel Fattah el-Sisi.

Trump said that the agreement with Iran was positively received by markets, adding: “We made a very strong deal with Iran. Markets responded very positively. The Strait of Hormuz has been partially opened and will be fully opened.”

He stressed that Iran will never have nuclear weapons and said the deal will have a positive impact on energy markets: “There will never be a nuclear-armed Iran. Oil prices will also come down. Markets are always the smartest and they were the most pleased with this development.”

Trump also stated that without the agreement, the global economy would have faced serious risks: “If we had not made this deal, the Strait of Hormuz would not have opened. Nobody would want to pass their billion-dollar ships through an area with rockets and mines.”

In his assessment of the US economy, Trump noted that American stock markets are trading at record levels and that falling oil prices are important for fighting inflation.

He said: “We are really bringing prices down significantly. With Iran not having nuclear weapons and the agreement being reached, oil prices could fall below pre-war levels.”