At the G7 summit in Evian-les-Bains, France, President Trump defended an agreement with Iran as necessary to avert a wider Middle East war that he warned could trigger an economic collapse. He said he "doesn't want to be another Hoover," invoking Herbert Hoover and the 1929 stock-market crash that preceded the Great Depression, and cautioned that continued conflict could produce an economic disaster.

2026-06-18

At the G7 summit in Evian-les-Bains, France, President Trump defended an agreement with Iran as necessary to avert a wider Middle East war that he warned could trigger an economic collapse. He said he "doesn't want to be another Hoover," invoking Herbert Hoover and the 1929 stock-market crash that preceded the Great Depression, and cautioned that continued conflict could produce an economic disaster.