Trump hails Iran deal but conflict continues to cast long shadow over global economy

As the price of crude oil falls governments are counting the costs of the war in the Middle East Hailing his Iran deal this week amid the excess of Versailles, Donald Trump urged sceptics to take Wall Street’s word for its success. “There is nothing as smart as the market – and the market loves it,” he said, claiming credit for ending the economic chaos that had kicked off when he started bombing Iran in late February. Without the agreement, he said, “the alternative would be a worldwide depression”. By the weekend, the outlook was less optimistic after planned US-Iran peace talks in Switzerla

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