U.S. President Donald Trump said efforts to pursue peace helped prevent a potential economic catastrophe and were welcomed by financial markets. Speaking after meetings with world leaders, Trump noted that stocks surged whenever prospects for a settlement improved and fell sharply when negotiations appeared at risk. He said recent discussions with close allies provided an opportunity to work through details of the deal and claimed broad international support for the agreement. Trump also warned that a prolonged conflict could have disrupted critical shipping routes and energy supplies, creating significant risks for the global economy and oil markets.