Well, thank you very much, everybody. I just want to say, His Highness is a warrior. He was in there fighting, and he does what has to be done and he's known for it. He's a courageous man he's got a great country. It's a fantastic country. And they've been with the United States for a long time, but I would say much -- much more so since I came on board, I will say.
And they've invested trillions of dollars in the United States. And I was telling them before, in another meeting, that we have over $19 trillion being invested in the United States, which is a record, and it's building factories, car plants, everything. We're doing things that have never been done. The record was $3 billion many years ago with a different country, and we're going to be over $19 trillion.
I think we'll hit $19.3 trillion. So there's probably not going to be anything -- maybe we'll do better next year. I don't know if it can -- I don't know if you can do better. But I just want to say that the relationship has been outstanding. He's a man of great respect. Everybody respects him and they respect your country, and it's an honor to be with you.
And we just signed a deal with Iran and this country was very, very -- a very powerful ally and good things are happening. The ships are starting to move now. We're going to have it fully open by Friday. The ships are starting to move nicely.
Oil is starting to go, and the prices are coming down rapidly. Stock market is going up rapidly. A lot of good things are happening. And most importantly, Iran will not have a nuclear weapon. That was how I got involved in this. We can't let that happen.
So they will not have a nuclear weapon. And other than that, I'd like to ask His Highness to say a few words. Then, if you want, we can take a couple of questions. Please.
Well, it is my pleasure, Mr. President, to be with you here. And I want to say that we are so grateful to have you here. And as a president of the United States and thank you for your support, your commitment to your friend, to your allies, and especially, thank you for your support during the six war -- six-week war.
It means a lot to us and you show us who's really ally. And without your support, your commitment, Mr. President, not my country only, but the Middle East would be [Inaudible] different situation today. So really, my pleasure to see you today [Inaudible] Thank you for giving us the time and there is a lot of things we can talk about for going forward between our two countries, how we can make our relationship even better.
We love it. Thank you, my friend. See, when you're that rich, you can speak that lowly. I was just wondering, can anybody hear that? But when you're so rich, you have such confidence that you don't have to do any strain to the voice. He's great. So, do you have any questions, please?
What should we expect from the second stage of the negotiations from --
I don't know. It's a 60-day period or so. I think it's going to happen fairly on time. We've been both involved. I think they're going to want to get it done. If Iran wants to get it done, they have to get back to business. And the relationship is now normalized, so I think it's going to go pretty quickly, Steve.
Could go faster. Could take longer too, but it could go faster.
There's so much interest in the text of the document. Why not -- why not release the --
Oh, I will.
Why not release it --
Well, because I'd like to get a formal setting first before we do that, but I have no problem with that. It's a great document. Here's what it says, Iran will never have a nuclear weapon. That's what it says. It won't have one. Dubai, to develop, they will not have a nuclear weapon. And I would say that's about 99.9 percent of what I wanted, because we couldn't let that happen.
You couldn't let that happen. Uh, and they won't have a nuclear weapon. Now, in addition to that, the strait is going to be open, toll-free. And it's toll-free beyond the 60 days. It's not -- somebody said, oh, it's toll-free for -- no, no, its toll free, period. When it opens permanently, it'll be toll free.
Uh, I want to congratulate our Navy because the naval blockade was unbelievable. But I will -- actually, I'll not only release it, I'll probably have a press conference and read it to you word by word, so that the press covers it accurately. Because it's a -- it's a very important document. And, uh, unlike Obama, who could have destroyed the Middle East with a horrible JCPOA, it is the worst agreement.
That was a road to a nuclear weapon. Mine is a wall against a nuclear weapon. I mean, I see these people say, but we already had one. That was the worst. He paid a fortune for it. We pay nothing. We don't pay. There was some statement, we're going to spend $300 million, no, we're not. We're not allowed to go and invest if we wanted to someday in the future.
We have no obligation whatsoever. It could be that Iran will turn out to be successful one day. They have oil. But, uh, if we left a week ago, just left, before the last two attacks, it would have taken them 20 years to rebuild Iran. So -- but I'll go over the document with the media in a couple of days.
Mr. President, a few weeks back, you said you'd like to see other nations join the Abraham Accords, much like the UAE has. Um, have there been any discussions with Arab leaders about that?
About what?
Joining the Abraham Accords like UAE does.
Yeah. Well, I'd love to have them. This is a man who's very advanced. He was early in and he's done very well with them, the whole -- the Abraham Accords. Uh, no, it's, uh, I think -- I think they should happen. The big -- the big impediment to the Abraham Accords, we have our original countries, very smart countries, every one of them.
Do you notice that even during that period of conflict, nobody dropped out? Nobody said, oh, gee, I'm going to drop out, nobody. Um, I think they're all going to come in, yeah, into the Abraham Accords. The only conflict was a place called Iran. And I understand that. You know, it's a little bit tough when people were afraid of Iran.
Uh, so -- but I think they're going to all start coming in there. Good question, actually. Yeah.
Mr. President, what do you say to Republicans like Senator Lindsey Graham, who is skeptical of the MOU? Um -- to --
Lindsey is skeptical?
Yes.
I'll have to talk to Lindsey. He'll be in big trouble. Lindsey's good. Lindsey is fine. He's not skeptical. He's just fine. Look, this agreement covers something very nicely. We're not paying for anything. We're not doing anything. The markets now are higher than they were when we started. Remember that, the stock market now is 2,500, maybe even more than that, points higher than it was when we -- it's pretty amazing.
Um, disagreements about one thing, that Iran will never have a nuclear weapon, never, ever, ever. The rest of it's irrelevant, frankly.
Senator Graham also said that an eventual agreement with Iran should be sent to Congress for review. Would you do that?
I never thought of it, but I would. I wouldn't mind. I mean, you know, the Democrats -- you know, we call them Dumocrats because they're dumb people. The Dumocrats are -- well, what I'd like to do is send it to Congress, saying, you shouldn't approve it, and I'll get it approved. They do -- whatever I say, they want to do the opposite.
Uh, it's not working too well for them, by the way. But yeah, I never thought about sending -- I never even thought about it, but I will. I will send it to Congress. I like the idea.
On another topic --
I mean, who wouldn't approve it? Let's let them have a nuclear weapon. The Dumocrats will say, oh, they should have a nuclear weapon. They'll go crazy. I like the idea. Send it to Congress, please. All right?
Mr. President, were you briefed on the attack -- the attack plans for the UFC event at the White House? There was -- the FBI [Inaudible] an attack.
I haven't heard about it, no. But I watched -- the attack that I watched were the fighters. And he saw it, too, by the way. He was sitting back home in his beautiful palace and he was watching that. And they were as good a fights as I've ever seen, right?
The best fight.
The best. They were. That last fight was brutal. And the two last -- all of the fights.
Two fights.
It was all good. It was a great evening. It was a very different for the White House, but I wish you could have been there. They -- we built an incredible arena. Dana did a great job.
Is there going to be another fight next year, Mr. President?
Well, I don't know -- I got away with it because 250 years. Maybe in another 50, maybe at 300.
Are you considering an increase on sanctions on Russia and whether it's illegal --
Well, soon we'll be able to do that because the oil is now flowing. So we put -- we took sanctions off because, obviously, we're not looking to impede the oil. So we're in a position to do that soon.
Let them lapse and --
Yeah, at some point.
Mr. President, I have a question.
Yes.
Regarding this --
What a nice looking person. Is he from your country? Is he from your country?
Absolutely.
No, he's got such a nice way about him. My people are so -- they're so mean. Look at him, handsome guy.
Be careful.
No, I can put him in a movie right now. Go ahead.
Mr. President, how can we make sure that Strait of Hormuz is lasting for -- open for lasting and navigation in the future?
Have a United States with a strong president. It's the only way you can do it, I guess, when you think. we have all the agreements you want. The agreements for bad people don't mean anything. Um, look, we were the ones that blockaded -- they blockaded it, and we then said, well, we blockaded it for them, so they didn't get any oil.
You're going to need to have, and this is true with a lot of things, if you have a strong president of the United States, a lot of good things can happen. You know? You know that better than anybody, right?
Absolutely.
You know it better than anybody.
Stability of the --
Can you talk a little bit more about the plan for the enriched uranium that is in the mountains?
Yeah, we do. We'll take it --
Has Iran -- has Iran said they would welcome the US coming in? But how specifically --
Iran will be just fine. What's happening is that at an appropriate time -- there's no rush at all. We have cameras from space on it. We know everybody that goes there, which is like nobody. The B-2 bombers hit it. The entire mountain collapsed inside it. It's a very tough excavation. Nobody else can do it but us and probably China.
They have the equipment, we have the equipment. We're in no rush but we get it and when we get it, we'll destroy it. We're not looking to take it, we're looking to destroy it. We have plenty of it.
[Inaudible] dinner tomorrow night, what prompted you to go to that? The dinner tomorrow night --
So -- well, I'm a fan of beautiful places. And I was leaving in the afternoon and then the French president, who happens to be a very nice man, invited me to dinner at Versailles. And Versailles is not a gold leaf. Versailles is the real deal. And I said, I'd like to do it. I mean, you know, all it means is that I get home later in the evening, meaning early in the morning.
And I'm not a big sleeper anyway. I'll be in the Oval Office very -- I won't -- I won't lose any time in the Oval Office. So I have to say this, our country is doing really well. We're doing better than we've ever done as a country. The stock market's the highest. Everything's the highest. 401-Ks are the highest they've ever been by 25 percent.
And we're doing really well. And now you're going to see prices coming down. You know, when I took over, prices were very high. We had the worst inflation in the history of our country. Prices were high. Eggs were high. Bacon was high. Everything was high. And the first question I got asked, what about affordability?
I did a news conference one day after I took over, and these people said, what about affordability? I said, I didn't cause it, but I'm bringing it down. And now with the fuel going way down, you saw it yesterday, it went down $6, $7. With fuel going down, as goes fuel, so goes everything. I've always seen that, right, fuel.
You're in a very good business because as goes fuel, so goes everything. Fuel is dropping. It's now in the 70s per barrel. And I think we'll get it down. When I say -- I was in Iowa and we had great victories in Iowa. And when I left, I noticed that a gas station, $1.85 a gallon. That's where we were. It was a little bit higher generally, but I saw two stations, $1.85, one had $1.91. And, you know, we're going to get around those levels.
So very honored. Thank you very much, everybody.