President Trump holds a press conference at G7 summit — 6/17/2026

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[applause] Thank you very much. Thank you. That's a lot of press. That's good. We had a very great event. This was something very special. And I want to thank President Macron and Brigitte, his really lovely wife, fantastic person, for welcoming us to France for an extremely successful G7 summit. I would say it's one of the most successful. And this meeting could not have come at a better time. On Sunday, we reached an agreement with Iran that achieves everything we set out to accomplish, everything and much more, ending the current conflict, reopening the Strait of Hormuz, and preventing Iran from ever obtaining a nuclear weapon. That's what it was all about. That was about 99%. Iran cannot have a nuclear weapon. They can't develop it, buy it, they can never have a nuclear weapon. At the same time with this announcement or close to it, as people started to think it was going to happen when Iran was making some very positive statements, the stock market has surged to record highs, picking up thousands of points over the last short period of time. Thousands of points. And oil is dropping like it has never dropped before, at levels that went down $7, down $8. They've never seen anything like that. But if we didn't do this deal, we could have dropped more bombs for another three weeks, two weeks, four weeks, two years. You would never have the Hormuz Strait open. You would never have success. Your market would have, instead of going up at levels that nobody's ever seen before, would go down at levels that nobody ever saw before, maybe except for 1929 or whatever. And you know, all the tough guys don't realize that this wasn't a three-month deal. This was years in the making. You know why? Because I was the one that killed General Soleimani. And if I didn't kill General Soleimani, we probably wouldn't be talking right now about this deal, because he was a mad genius. They never were able to replace him. But a lot of people forget that the tough guys, you know, the tough guys that would drive the country right down the tubes. The past two days have provided a chance to discuss the details of this historic agreement with many of our closest friends and allies, including the G7 nations and many presidents and prime ministers, as you saw Prime Minister Modi was here. We had a long talk. He's a great guy. They are thrilled that we made a deal. Every one of them. There's not one nation that came to us and said, "Please, sir, keep dropping bombs on them. Please keep dropping bombs." Only stupid people say that. But I'm thrilled to report. And by the way, those last two days were brutal. $200 million worth of bombs. And you know, it is expensive, too, by the way, aside from everything else. And they knew I was coming for a third night. We informed them we're coming for a third night. They didn't have their navy. It's sunk. They didn't have their air force. It's gone. Not one plane. They didn't have anti-aircraft equipment, so we got free reign. They didn't have their leaders. But they have a new group of leaders that I think is actually, I think they're smarter. I think they're very smart. I think they're far less radicalized. And I think they're really good. They love their country. You know, you talk about regime change, nobody will say that. But I guess that's it. Look, their one set of leaders is all gone. Their second set of leaders is all gone. Their third set of leaders a little bit gone, but for the most part, and frankly, I think that's regime change. I think they're going to behave much differently. I think they see a different way of life that they were never exposed to. So the one thing I didn't want to see is I didn't want to see economic catastrophe. If you kept this going, that could have happened. But all I know is every time we talked about the possibility of peace, the stock market shot up like a rocket ship. It never went down. They didn't like it. The people, you know, the stock market is more brilliant than anybody there is, including the people on this stage, other than me, of course. Let's see. I don't know. What do you think, Scott? Is the stock market more brilliant than you?