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President links Iran negotiations to lower oil prices and U.S. economic gains
Summary
The President told reporters that progress toward a deal with Iran would lower oil prices and inflation, defended past military and blockade actions as leverage, and said he preferred lower interest rates over Fed caution; he offered no new policy instruments or timelines.
The President tied progress in Iran talks to immediate U.S. economic indicators, saying the stock market was "good" and oil prices were falling as negotiations advanced. He said a deal that prevents Iranian nuclearization would cause oil prices and inflation to fall: "As soon as the war is over, we're going to be lower than we were two or three years ago," he told reporters.
On interest rates, the President said he disagreed with waiting on the Federal Reserve and expressed support for lower rates. He credited recent military strikes and an ongoing maritime blockade with reducing Iran's ability to conduct business and with strengthening U.S. negotiation leverage.
Limits: the briefing presented these connections as the President's interpretation; no economic forecast or independent data was included in the transcript. The President also blamed a prior administration's nuclear deal as a strategic mistake, a characterization he repeated without documentary evidence in the briefing.
