President Donald Trump spoke at the G7 on Wednesday about the memorandum of understanding (MOU) that his administration developed with Iran to end the war.
Among the most perplexing things the president said was that the markets love the MOU, and if he doesn't like the final agreement, "we'll just start bombing again." He continued to refuse to hand out text of the agreement, but said that among the things in the agreement is that, for now, the Strait of Hormuz will be open "toll-free beyond the 60 days" and that Iran will "never" have a nuclear weapon.
Trump promised Americans would see prices go down because the Strait will reopen without tolls.
"Oil is at 73 or 74 and it's getting to very close to where it was before the crisis," Trump claimed. "The difference is now we have Iran without a nuclear weapon. So, we'll see how that all plays out. I think people are going to be very happy. But there's nothing so smart as the market and the market loves it beyond anything that I've actually seen."
Third, Trump claimed "stupid people" and Democrats want the war to continue. In reality, there are plenty of people on the right who are displeased with the current outcome of the war.
"The alternative would be a worldwide depression. You know, the stupid people want to have a worldwide depression. And the stupid people, so you can only go so far," Trump said.
"You could drive somebody into the ground and a lot of bad things happen. Number one, the Strait would never open because, uh, they don't like floating billion-dollar ships up and down a strait when there's rockets flying over them and mines all over the place. So the Strait would never be open. It wouldn't be open for a long time."
Fourth, Trump claimed that the "affordability crisis" was caused by Democrats. He then said Democrats "caused affordability" and then that affordability is "just another con job. They made up the word affordability."
Another bizarre comment from Trump was relitigating the 2020 election while in a bilateral meeting with the President of Egypt.
"Uh, a dam was built in Ethiopia, and it's causing tremendous problems for Egypt, and I'm very aware. I had that deal settled, and then we had a rigged election, and somebody came in, and they didn't know too much about that deal. They were not going to settle anything. But but we'll get back into it. We'll see if we can settle it. Okay," Trump said.
In 2020, Trump said that the U.S. would simply "blow up the dam." Critics at the time blamed Trump for escalating the tensions. Trump claimed that he "saved a big war" and demanded a Nobel Peace Prize, the BBC reported at the time. On Wednesday, he claimed that former President Joe Biden messed up the whole thing.
Finally, Trump repeated his debunked claim that former President Barack Obama "handed [Iran] a billion seven in cash. Gave them ... billions and billions of dollars, but he gave them $1.7 billion dollars in cash, green cash from banks, into a Boeing 757 and flew it into Iran," Trump claimed.
In fact, the U.S. simply gave Iran access to its money that had been tied up in banks as a result of the sanctions. Part of the JCPOA was allowing Iran to have access to it's own money again.