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Deal or no deal, again Market on rollercoaster ride amid the rhetoric
The Guardian
|June 13, 2026
Great news! Donald Trump has said the US and Iran are on the verge of a peace agreement. Oil prices are down, and the stock market is up. This comes only hours after Trump warned Iran was about to be struck “VERY HARD”, a threat which had sent oil prices up and stocks down.
It has been another ride on the Trump rollercoaster, keeping traders on edge, most of the world poorer, and people of the Middle East constantly whiplashing between fear and hope. But whether the ride veers up or down, the management always makes money.
This is the 39th time that the president has declared US-Iranian talks to be on the point of fruition (other counts have the figure higher – it depends on what you term a prediction or just a hint).
As he was menacing Iran with strikes on Thursday night, Trump also pledged the US would take “total control” of the country’s oil and gas markets and seize the island of Kharg. By Thursday afternoon, however, the prospect of mass destruction had evaporated as quickly as it had materialised.
“I have, as President of the United States of America, cancelled the scheduled strikes and bombings against Iran this evening,” Trump declared on Truth Social.
The air of optimism was reinforced yesterday by a White House briefing that a text was in place that both the US and Iran could live with. US officials echoed the president’s prediction that a signing ceremony could be held in a matter of days. Iran’s foreign ministry was less definite, saying that the proposed agreement was being studied by the country’s “decision-making bodies”, but the oil price fell below $90 (£67) a barrel nonetheless.
No matter how many times he predicts conflagration or diplomatic breakthrough, the markets still obediently bob up and down like a trained seal. It represents an opportunity to make big, easy money for anyone with advance knowledge of presidential announcements.
Dit verhaal komt uit de June 13, 2026-editie van The Guardian.
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