After months of dismissing oil prices, markets and midterms, Trump admitted the war could have sparked 'economic catastrophe'; Hormuz has reopened but stockpiles are low and markets warn the deal may have come too late

The president boasted about stock increases and falling oil prices, which are only happening because he finally admitted defeat.

The president’s deal with Iran has faced criticism from all sides of the political spectrum, including Democratic critics of the war and Iran hawks who supported the conflict.

With his Iran war, Trump badly damaged his favorite industry. It may never recover.