Trump’s Iran ‘Victory’ Claim and WSJ Attack: Potential Ripples for News Corp and Communication Services Stocks

President Trump has posted a new announcement on Truth Social, the social media platform. He wrote:

“The Wall Street Journal, one of the worst and most inaccurate “Editorial Boards” in the World, stated that I “declared premature victory in Iran.” Actually, it is a Victory, and there’s nothing “premature” about it! Because of me, IRAN WILL NEVER HAVE A NUCLEAR WEAPON and, very quickly, you’ll see Oil start flowing, with or without the help of Iran and, to me, it makes no difference, either way. The Wall Street Journal will, as usual, live to eat their words. They are always quick to criticize, but never to admit when they’re wrong, which is most of the time! President DONALD J. TRUMP”

How Will Trump’s Statement Affect the Stock Market?

This latest post has the potential to affect the stock market. That’s because Trump’s assertion that Iran “will never have a nuclear weapon” and that oil will “start flowing” could briefly lift broad risk sentiment, supporting sector ETFs like the Communication Services Select Sector SPDR Fund if investors interpret the message as reducing geopolitical and energy-price risk. However, his direct attack on The Wall Street Journal and its parent’s editorial credibility may weigh on sentiment toward News Corporation Class A, as investors could fear heightened political scrutiny and reputational volatility, potentially increasing headline risk and short-term share price pressure.

Here are some of the stocks that might be affected:
News Corporation Class A ((NWSA)),
Communication Services Select Sector SPDR Fund ((XLC)).