SouthernWorldwide.com – President Trump expressed his approval of the recent inflation increase, stating that the figures are “great” and that he “loves the inflation” due to the United States “taking” Iranian oil. He announced for the first time that the U.S. has been seizing Iranian oil, particularly mentioning the removal of 22 ships in a late-night operation. The President believes that once the conflict concludes, oil prices and inflation will rapidly decline.
This statement came after a reporter questioned the President about his concerns regarding the Consumer Price Index, which rose to an annual rate of 4.2%. This marks an increase from the 3.8% recorded in the previous month and is the highest level seen since April 2023. The latest inflation data was released on the same day.
“No, I love it,” the President responded. “The numbers were great. You know what I really love? I love the inflation. You know why? Because as soon as this war is over. You know, I can say it now, something you didn’t know. Did you know we’ve been taking out millions of barrels of oil? Nobody knows it. You know who doesn’t know about it? Iran, until right now. 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. We took out. That’s why oil’s $85 a barrel.”
Despite the recent drop, Brent crude, the international benchmark, was trading at approximately $94 per barrel at midday on Wednesday.
The President further commented that oil prices have not reached the levels he anticipated before the war. He also highlighted that the U.S. stock market is experiencing “all-time historical highs.” He described the situation in Venezuela as a “great success,” noting that the U.S. is extracting significant resources from both Venezuela and Iran.
“I think they’re going to want to make a deal, but we’re going to find out,” the President said regarding Iran.
When asked if he anticipates inflation to decrease after the war, the President stated, “When the war is over? It’s coming down. It’s going to come down like a rock. And again, we’re taking out millions, which, I’m just announcing today for the first time, but we’ve been taking out millions of barrels of oil. Millions. Every night.”
President Trump is currently facing unfavorable poll numbers regarding the economy, a sector that was once a strong point for him. The rising inflation is particularly concerning in a midterm election year, as Republicans are striving to maintain control of both the House and the Senate.
Mark Osborne contributed to this report.
