Trump Claims Severe Damage to Iran\'s Economy as Hormuz Strait Oil Flow Reaches Record High
  Mark 2026-06-24 17:50:11
Description: noted that Irans economy has been severely impacted by the conflict, with significant damage to its defense industrial base that will require a lengthy recovery period. Meanwhile, the US administration is seeking to negotiate a fair agreement and has exp

On Tuesday, June 23, local time, US President Donald Trump addressed international affairs and economic indicators during a rally in Pennsylvania. He noted that Iran's economy has been severely impacted by the conflict, with significant damage to its defense industrial base that will require a lengthy recovery period. Meanwhile, the US administration is seeking to negotiate a fair agreement and has expressed willingness to foster cooperation.

Regarding market performance, Trump cited the latest economic data. He stated that the stock market has once again reached record highs, while oil prices have fallen to $70 per barrel for the first time in months. He characterized this as a relatively low price level with significant room for further decline, noting that fluctuations in oil prices would drive adjustments in other commodity markets.

Additionally, Trump referenced efforts involving Iran and resolving conflicts in the Strait of Hormuz, describing them as part of a historic peace agreement. He claimed that on Monday, 19 million barrels of crude oil were transported through this strategic waterway, setting a record for the highest flow volume in the strait's history. He emphasized that such a situation had never occurred before, stating, "This is oil production."

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