President Trump holds a press conference at G7 summit — 6/17/2026

Summary

President Trump held a press conference at the G7 summit following a historic Iran nuclear deal. He detailed the terms that permanently prevent Iran from obtaining a nuclear weapon, announced the reopening of the Strait of Hormuz, and highlighted the positive market impact—record stock market highs and plummeting oil prices. Trump also touched on US economic resilience, large tax cuts, AI leadership, military strength, and global partnerships, while sharply criticizing the media and previous administration.

• Announces Iran peace deal that prohibits nuclear weapon development or procurement, backed by threat of renewed bombing if violated.
• Confirms Strait of Hormuz reopening, maritime traffic resuming, and full energy flow returning in coming days.
• Stock market surged to record highs on peace progress; expects continued rise as oil prices fall and economy stays strong.
• Oil and gasoline prices are plummeting, already down sharply, with further declines expected as supply fears recede.
• US economy described as strongest ever, with the largest tax cut in history and falling energy costs driving affordability.
• US leading the world in AI; private electric plants being built for data centers to bypass old grid constraints.
• Praises China and Russia for staying neutral during the conflict; thanks Pakistan and Qatar for mediation efforts.
• Criticizes legacy media as dishonest and claims past administration left the country a 'laughingstock' and created an affordability crisis.