Donald Trump warned at the G7 summit that he was prepared to go back to dropping bombs on Iran if the country 'misbehaves,' following criticism of his ceasefire deal with the nation. The president angrily rejected suggestions that the US would contribute to a $300bn investment fund for Iran, stating that the US would not put up 'even 10 cents.' Trump praised the deal, claiming that 'there is nothing as smart as the market and the market loves it.'

DATA & FIGURES

The deal between the US and Iran includes the reopening of the strait of Hormuz and the lifting of US sanctions on Iran's oil exports. The agreement also involves the creation of a $300bn reconstruction fund. Trump claimed that the price of oil per barrel had fallen to $72, and would soon drop below the level it was at before the war.

THE SCENARIO

The G7 summit in Évian-les-Bains brought together the world's most powerful economies to discuss issues including Iran, Ukraine, and Russia. The summit saw Trump facing criticism for his deal with Iran, with some arguing that it did not meet its original objectives.

DIRECT QUOTE

"There is nothing as smart as the market and the market loves it." — Donald Trump, President of the United States

BBN INSIGHT

The deal between the US and Iran has significant implications for the global economy, particularly in terms of oil prices. The reopening of the strait of Hormuz is expected to increase oil supplies and reduce prices. However, the agreement's impact on the cryptocurrency market is less clear.