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.

Donald Trump insisted last month that he didn’t think about Americans’ finances when negotiating with Iran.

The president says he did not want to see conditions similar to the 1929 stock market crash

Macron hailed the deal "which allows for peace, the reopening of the Strait of Hormuz without tolls, and 60 days to conclude an agreement on nuclear, ballistic, and regional…

"Even if the Strait of Hormuz reopens tomorrow, we should expect prices to remain above pre-crisis levels," said an expert at 350.org.

He makes a startling admission of U.S. weakness against Iran’s oil weapon. | World News

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…

President Donald Trump said the prospect of global economic collapse was a big reason he signed an interim peace deal with Iran. That admission exposes a key US wea…

As the price of crude oil falls governments are counting the costs of the war in the Middle East