Trump says "I love the inflation" because U.S. is "taking out" Iranian oil
Trump said the latest consumer price data was good and linked higher costs to energy prices from the Iran war.
- President Trump praised Wednesday's 4.2% inflation spike, stating "I love the inflation" because the U.S. is seizing millions of barrels of Iranian oil in covert nighttime operations.
- The Consumer Price Index rose to its highest level since April 2023, as Trump claimed the country seized 22 Iranian oil ships "late at night, with no lights" to avoid detection.
- Brent crude costs about $94 per barrel, while Trump described U.S. extraction of millions of barrels from Venezuela and Iran as a "great success."
- Senate Republican Majority Leader John Thune was notably absent from Wednesday's Oval Office bill signing, while Speaker Mike Johnson attended, reflecting political tension between the two leaders.
- Thune told reporters that stabilizing the Strait of Hormuz and ending the Iran conflict will improve economic trendlines, linking current inflation to the war.
127 Articles
127 Articles
The rise in energy prices after the crisis in the Strait of Hormuz fuels a new wave of price increases, while the US president provokes reactions with his statements
"I love the inflation": Trump comment on latest price jump sparks backlash
WASHINGTON (UNITED STATES) - US President Donald Trump on Wednesday brushed off concerns about consumer inflation surging to a fresh three-year high in May, on the back of soaring energy prices caused by his war in Iran.
Malay Mail
AlKhaleej TodayTrump sparks backlash after saying ‘I love the inflation’ amid rising US prices
WASHINGTON, June 11 — US President Donald Trump yesterday brushed off concerns about consumer inflation surging to a fresh three-year high in May, on the back of soaring energy prices caused by his war in Iran.“The numbers were great... I love the inflation,” Trump told reporters, a comment pounced on by Democrats who have made rising prices a cornerstone of their campaign to take control of Congress in November’s midterm elections.The consumer …
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