President Donald Trump is taking a victory lap after oil prices and gasoline costs moved lower following the signing of a preliminary agreement between the United States and Iran aimed at ending hostilities and preventing Tehran from obtaining a nuclear weapon.
In a Thursday post on Truth Social, Trump highlighted what he sees as the early benefits of the agreement, pointing to lower energy prices, a strong stock market, and renewed optimism about the economy.
“Oil is flowing, Iran can never have a nuclear weapon (the world will be safe!), the stock markets are roaring, jobs are at records, and prices are dropping (affordability!),” Trump wrote.
“Our country is strong, safe, and respected like never before,” he added. “‘You’re welcome!'”
The comments came after the U.S. and Iran signed a memorandum of understanding that opens a 60-day negotiating period toward a broader agreement covering Iran’s nuclear program, sanctions relief, regional security, and commercial shipping through the Strait of Hormuz.
Energy markets reacted immediately.
According to Barron’s, both Brent crude and West Texas Intermediate crude prices declined following news of the agreement, while the national average price of gasoline slipped below $4 per gallon. The Wall Street Journal reported that traders reduced the geopolitical risk premium that had been built into oil prices amid fears of prolonged instability in the Persian Gulf.
The market response reflects growing expectations that energy shipments through the Strait of Hormuz — one of the world’s most important oil transit routes — could gradually return to normal operations. Roughly one-fifth of global oil and liquefied natural gas shipments pass through the waterway. Analysts say the prospect of uninterrupted shipping has helped ease concerns about future supply disruptions.
Earlier reports this week that the preliminary framework includes plans to reopen the Strait of Hormuz and restore commercial traffic, developments that immediately sent oil prices lower and boosted investor confidence. Markets have viewed the agreement as a major step toward stabilizing a region that has experienced months of conflict and economic uncertainty.
Investors also welcomed the broader economic implications of de-escalation. Stock markets advanced after the announcement as traders bet that lower energy costs could help ease inflationary pressures and support continued economic growth. Several European allies have signaled a willingness to support future negotiations if Iran follows through on commitments related to its nuclear program.
Trump has repeatedly argued that his administration’s approach combines peace through strength with economic benefits for American consumers. On Thursday, he pointed to falling fuel prices as evidence that the strategy is already producing results.
