At the G7 summit in France, Trump held multiple press conferences touting a memorandum of understanding with Iran that he says prevents Iran from obtaining a nuclear weapon and reopens the Strait of Hormuz. He highlighted falling oil prices (low $70s), surging stock markets, $19.2 trillion in U.S.-bound investment commitments, and claimed the U.S. militarily defeated Iran. He also announced he will block FISA reauthorization unless the Save America Act (voter ID, no mail-in ballots, transgender restrictions) is passed simultaneously, and celebrated election wins in Georgia primaries.
| Symbol | Direction | Reason | Price at Feed |
|---|---|---|---|
| USO | ▼ DOWN | Trump explicitly stated oil is in the low $70s and may fall below pre-war levels as the Strait of Hormuz fully reopens and Iran MOU reduces supply disruption risk. | $115.32 |
| SPY | ▲ UP | Trump described markets surging thousands of points on the Iran deal and Hormuz reopening, a continued risk-on environment supports broad equity gains. | $750.72 |
| GLD | ▼ DOWN | Middle East de-escalation via Iran MOU reduces geopolitical safe-haven demand for gold; however, given repeated mis-predictions on GLD going down, conviction is moderate — but the directional logic from reduced risk premium is clear. | $400.42 |
| VXX | ▼ DOWN | A major geopolitical risk event (Iran conflict, Hormuz closure) resolving via MOU sharply reduces market fear, compressing volatility and pressuring VXX lower. | $22.73 |
| XLE | ▼ DOWN | Falling oil prices from Hormuz reopening and Iran deal remove the conflict premium from energy sector equities, continuing the bearish trend in XLE. | $55.02 |