Trump's Iran deal is getting major blowback from everyone except the markets

(Yahoo Finance) President Trump is defending his controversial peace deal with Iran by pointing to the positive reaction from a stakeholder he often values most: the markets.

Within seconds of signing the deal Wednesday at the Palace of Versailles, Trump said that "oil is down" and appeared to add that stocks are up, according to a video distributed by the White House.

Trump reiterated the point on Truth Social as he flew home as part of his weeklong focus on markets, writing that "the Stock Market Just Hit A RECORD HIGH, and Oil prices are 'tumbling' down" as he touted the deal.

And the president does have evidence to back up his point, with crude oil prices now below $80 per barrel and average US gas prices below $4 per gallon after dropping over $0.50 in the past month.

https://finance.yahoo.com/markets/article/trumps-iran-deal-is-getting-major-blowback-from-everyone-except-the-markets-181657742.html