President Donald Trump stated that concerns about potential economic damage were a major factor in his decision to sign a memorandum of understanding with Iran aimed at ending the conflict that began on February 28.

Speaking after the agreement was signed in France, Trump said he wanted to avoid being associated with an economic downturn similar to the Great Depression and referenced former President Herbert Hoover as an example of a leader remembered for economic hardship.

He explained that he feared the conflict could contribute to a broader economic crisis and said he hoped the agreement would help lower fuel prices and improve stock market performance.

CNN covered Trump's remarks, focusing on what commentators described as an unusually direct acknowledgment of the economic consequences of the war.

CNN reporter David Goldman noted that Trump's comments suggested Iran's role in global energy markets and international trade had significant influence on economic conditions worldwide.Goldman added that military conflicts often create uncertainty, making it difficult to predict their long-term economic impact.

CNN anchor John Berman highlighted Trump's explicit recognition of the leverage Iran possessed over the global economy, saying it was striking to hear the president discuss those concerns so openly.The discussion centered on how disruptions caused by the conflict had affected trade, financial markets, and energy prices.

The article primarily reports on Trump's statements and CNN's reaction to them, emphasizing the economic considerations that Trump said contributed to his decision to pursue a peace agreement with Iran.