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Trump Says Iran Deal Will Avoid ‘Economic Catastrophe’

June 17, 2026 · 2:36 pm ET · Leave a Comment

“President Trump on Wednesday defended his agreement to end the Iran war, saying he wanted to avoid an ‘economic catastrophe’ that could have resulted if the conflict the U.S. launched had continued,” the Wall Street Journal reports.

“Trump said he was influenced by the stock market’s rise as he worked toward a resolution of the conflict. He said he didn’t want to be compared with former President Herbert Hoover, who was president during the 1929 market crash that led to the Great Depression.”

Said Trump: “He was always the one I didn’t want to be. I didn’t want to see an economic catastrophe.”

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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