President Donald Trump said Tuesday that Iran emerged from the recent conflict with severe economic and military damage, while highlighting what he described as encouraging signs for global energy markets and ongoing efforts to reach a diplomatic agreement with Tehran.

Addressing supporters at an event in Pennsylvania, Trump argued that the war had inflicted long-term harm on Iran’s economy and defense sector.

“The Iran economy has been crushed and the defense industrial base has been damaged so severely that it’ll take many years to rebuild, many, many years,” Trump told the crowd.

Despite that assessment, Trump indicated that his administration remains focused on pursuing a negotiated resolution with the Iranian regime.

“And now we’re trying to work out a deal that’s fair. And we also want to work out a deal,” Trump added.

The president also pointed to recent economic developments in the United States, citing stock market performance and energy prices as evidence that conditions are improving.

“You know, the stock market hit a new high today again. And oil, for the first time in months, hit $70 a barrel,” Trump said.

Emphasizing the significance of the figure, Trump argued that lower oil prices would ultimately benefit consumers and the broader economy.

“Think of it, $70 a barrel. And that equates to a very low price.”

He predicted that energy costs would continue to decline in the coming months, producing a ripple effect throughout the economy.

“That number is going to come charging down. And with oil comes everything else,” Trump said.

Trump also touted what he called “a historic peace agreement” involving Iran and efforts to restore stability in the strategically vital Strait of Hormuz.

As part of those remarks, the president pointed to what he described as record-setting oil shipments moving through the waterway.

“Yesterday, 19 million barrels of oil flowed out of the Strait of Hormuz,” Trump said. “That’s the most oil in the history of the Strait.”

Highlighting the scale of the exports, Trump told supporters that the volume was unlike anything previously seen.

“You’ve never seen anything like that. It’s called oil production,” he added.

{Matzav.com}