Trump Touts Economic Boom and Open Strait Following Iran Deal
President Donald Trump slammed The New York Times on Sunday for its coverage of the recently concluded four-month conflict with Iran, declaring that the American economy has surged in the wake of a new peace agreement. In a fiery post on Truth Social, the president rejected the newspaper's assessment that the war had changed little, asserting instead that the military conflict has resulted in decisive victories and major economic relief. He stated that the "Hormuz Strait is OPEN, THE OIL IS GUSHING, and the U.S. Stock Market and Jobs are at record HIGHS."
The president's comments come as global markets reacted positively to the easing of tensions in the Middle East. Following the announcement of a deal to reopen the vital Strait of Hormuz, oil prices tumbled roughly 4 percent to around $83 a barrel as traders anticipated the return of unrestricted Gulf energy exports. Wall Street simultaneously rallied on the news, with major indices closing at all-time highs and technology stocks leading a global surge that reflected renewed investor confidence.
This economic optimism contrasts with the media narrative Trump targeted, which questioned the long-term impact of the military engagement. While the administration proceeds with final negotiations in Switzerland, Trump emphasized that the immediate restoration of free navigation has already delivered tangible benefits. The agreement allows commercial vessels to once again pass through the critical waterway, ending a blockade that had strangled nearly one-fifth of the world’s oil supply for months.