President Trump expressed surprise at the resilience of the U.S. stock market during the ongoing Iran conflict, noting that he had anticipated more severe economic impacts. In an interview with CNBC, Trump revealed he expected the Dow Jones and S&P 500 indices to fall by 20%, marking a bear market, and oil prices to surge to $200 per barrel. Instead, oil prices have only reached $90 per barrel.
Trump highlighted the unexpected stability, mentioning that ships are now seeking alternative energy sources, turning to regions like Texas, Louisiana, and Alaska. He remarked on the S&P 500's stability, stating it remains at levels seen before the conflict began, contrary to his expectations of a significant sell-off and higher oil prices.
Trump Expresses Surprise at Stock Market Stability Amid Iran Tensions
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