US President Donald Trump speaks during a signing ceremony for the “Secure America Act” in the Oval Office of the White House in Washington, DC, on June 10, 2026.
Ken Cedeno | Afp | Getty Images
President Donald Trump on Wednesday said, “I love the inflation” after being asked if he was concerned about new consumer price index data that showed the annual inflation rate at 4.2%, a three-year high.
“No, I love it, the numbers were great,” Trump said in the Oval Office.
“You know what I really love? I love the inflation. You know why?” Trump said. “Because as soon as this war is over, you know I can say it now … you know we’ve been taking out millions of barrels of oil.”
“Nobody knows it. You know who it doesnt’ know about it? Iran, until right now,” Trump said.
“We took out the other night, 22 ships, late at night, with no lights, because they don’t have any radar, because we blasted the crap out of it,” the president said. “That’s why oil is at $85 a barrel.”This is breaking news. Please refresh for updates.
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