Watch Pres. Trump's full address on Iran from the White House

Watch on YouTube ↗  |  April 02, 2026 at 02:06  |  18:32  |  CNBC

Summary

  • President Trump details the success of Operation Epic Fury, claiming Iran's military (navy, air force, missiles) has been decimated in 32 days, with regime change implied due to leaders' deaths.
  • Emphasizes U.S. energy independence, stating America is the top global producer of oil and gas, surpassing Saudi Arabia and Russia combined.
  • Highlights partnership with Venezuela for oil production, noting Venezuela has the second-largest reserves after the U.S.
  • Attributes recent gasoline price increases to Iranian attacks on commercial oil tankers in the Middle East.
  • Predicts gasoline prices will rapidly decline and stock prices will rebound once the conflict ends, citing current record stock market highs.
  • Describes the U.S. economy as strong, with historic tax cuts, over $18 trillion in investments, and no inflation.
  • States the U.S. imports almost no oil through the Hormuz Strait and urges other countries to protect it or buy oil from the U.S.
  • Warns of potential strikes on Iran's electric generating plants and oil facilities if no deal is made, though oil has not been targeted to allow rebuilding.
  • Claims the conflict is a strategic investment for future security, with military objectives nearing completion.
  • Notes discussions with Middle East allies (Israel, Saudi Arabia, Qatar, UAE, Kuwait, Bahrain) and their support.
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