Trump Says Trade Not Iran Will Be Priority in Summit With Xi (Q&A)
Speakers
Donald Trump
— President of the United States
Summary
In this Q&A, President Trump prioritizes trade over Iran in his upcoming summit with Xi, claims Iran's military is destroyed and the war is near its end, predicts oil prices will drop and the stock market will surge afterward, and defends his economic policies. He also comments on Venezuela, UK energy policy, and domestic redistricting.
- Trump says trade will be the main topic with Xi, not Iran.
- Trump asserts Iran's military is decimated and war ending soon.
- Trump expects a gusher of oil supply and lower oil prices post-war.
- Trump predicts the US stock market will go through the roof after war.
- Trump claims inflation will fall to 1.5% after war ends.
- Trump advises UK to exploit North Sea oil reserves.
- Trump comments on Venezuela's improved economic situation.
- Trump discusses domestic redistricting and election fairness.
Trade Ideas
Oil prices will drop after war.
After the Iran war ends, which Trump expects soon, a massive surge in oil supply from ships and increased production will drive oil prices down significantly. He notes oil was at $99 and expects a 'gusher' of oil, leading to lower prices.
Stock market will surge after war.
Once the Iran war is over, oil prices will drop, inflation will fall, and the US stock market, already at all-time highs, will surge to new records as peace and lower energy costs boost the economy. He describes this as a 'golden age' for America.
Up Next
This Bloomberg Markets video, published May 12, 2026, features Donald Trump discussing WTI, SPY. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Donald Trump · Tickers: WTI, SPY