Donald Trump touts Iran deal while global recession fears increase
Donald Trump celebrated an Iran deal this week, asserting it would prevent a global depression. However, ongoing conflicts and economic pressures have left many governments, especially in the Gulf, anticipating a recession, with projected GDP declines of 2.6%. Oil prices fell below $80 a barrel as hopes for supply restoration grew amid geopolitical tensions.
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 21 Jun 2026, 12:24 UTC · Updated 21 Jun 2026, 12:40 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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