Trump: Iran Conflict's Economic Impact Less Severe Than Expected

• US President Donald Trump stated that the oil price surge and stock market slump due to the Iran conflict were not as severe as he anticipated.
• Trump told Treasury Secretary Scott Bessent that oil prices haven't risen as much as he thought and expects them to return to previous levels or lower.
• He believes the economic impact will reverse once the conflict concludes, asserting his predictions have been correct.
• Despite Trump's assurances, markets have reacted sharply to geopolitical developments, with U.S. crude prices approaching $100 a barrel earlier.
• Oil prices have surged over 40% since the war began, increasing gasoline prices by more than $1 per gallon, while the S&P 500 declined 4.8% in March.