{"id":84711,"date":"2026-06-10T17:58:15","date_gmt":"2026-06-10T17:58:15","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-says-i-love-the-inflation-because-u-s-is-taking-iranian-oil\/"},"modified":"2026-06-10T17:58:15","modified_gmt":"2026-06-10T17:58:15","slug":"trump-says-i-love-the-inflation-because-u-s-is-taking-iranian-oil","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-says-i-love-the-inflation-because-u-s-is-taking-iranian-oil\/","title":{"rendered":"Trump says &#8220;I love the inflation&#8221; because U.S. is &#8220;taking&#8221; Iranian oil"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p><em>Washington <\/em>\u2014 President Trump on Wednesday applauded the latest\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/cpi-report-today-may-2026-inflation-iran-war-trump\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">inflation spike<\/a><\/span>, saying the numbers are \u00a0&#8220;great&#8221; and &#8220;I love the inflation&#8221; because the U.S. &#8220;taking out&#8221; what he called &#8220;millions&#8221; of barrels of Iranian oil in the dead of night. The president added that he&#8217;s &#8220;just announcing today for the first time&#8221; that the U.S. is seizing Iranian oil.\u00a0<\/p>\n<p>Once the conflict is over, Mr. Trump said oil prices and inflation will drop rapidly. A reporter asked the president in the Oval Office Wednesday if he&#8217;s concerned that the Consumer Price Index rose at an annual rate of 4.2%, up from<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/cpi-report-today-april-2026-inflation-iran-war-trump\/\" data-invalid-url-rewritten-http=\"\">\u00a03.8% in the prior month<\/a><\/span>\u00a0and marking the highest level since April 2023. The new inflation numbers were released earlier Wednesday.\u00a0<\/p>\n<p>&#8220;No, I love it,&#8221; the president said. &#8220;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&#8217;t know. Did you know we&#8217;ve been taking out millions of barrels of oil? Nobody knows it. You know who doesn&#8217;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&#8217;t have any radar because we blasted the crap out of it. We took out. That&#8217;s why oil&#8217;s $85 a barrel.&#8221;<\/p>\n<p>While the cost has come down in recent weeks, the cost of Brent crude \u2014 the international standard \u2014 was about $94 per barrel at midday Wednesday.<\/p>\n<p>The president said oil prices still aren&#8217;t as high as he anticipated ahead of the war, and the U.S. stock market is hitting &#8220;all-time historical highs.&#8221; The president said Venezuela was a &#8220;great success,&#8221; and the U.S. is extracting millions from both Venezuela and Iran.\u00a0<\/p>\n<p>&#8220;I think they&#8217;re going to want to make a deal, but we&#8217;re going to find out,&#8221; the president said of Iran.\u00a0<\/p>\n<p>A reporter asked the president if he expects inflation to fall once the war is over.\u00a0<\/p>\n<p>&#8220;When the war is over? It&#8217;s coming down. It&#8217;s going to come down like a rock,&#8221; he said. &#8220;And again, we&#8217;re taking out millions, which, I&#8217;m just announcing today for the first time, but we&#8217;ve been taking out millions of barrels of oil. Millions. Every night.&#8221;\u00a0<\/p>\n<p>Mr. Trump is underwater in polls on the economy, despite the economy and cost of living once being his strongpoints in polling. Higher inflation is also coming in a midterm election year when Republicans are battling to keep control of the House and Senate.\u00a0<\/p>\n<section class=\"content__body--footer\">\n<p class=\"content__meta--contributors\">\n<p>                      <span class=\"byline__author__text\">Mark  Osborne<\/span><\/p>\n<p>        contributed to this report.\n    <\/p>\n<\/section>\n<p>  <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation  \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<div class=\"component__item-recirc-block\">\n<p><h3 class=\"component__title\">Go deeper with The Free Press<\/h3>\n<\/p><\/div>\n<\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><br \/>\n    <\/section>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/trump-i-love-the-inflation-iran-oil\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington \u2014 President Trump on Wednesday applauded the latest\u00a0inflation spike, saying the numbers are \u00a0&#8220;great&#8221; and &#8220;I love the inflation&#8221;<\/p>\n","protected":false},"author":1,"featured_media":84712,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-84711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump says &quot;I love the inflation&quot; because U.S. is &quot;taking&quot; Iranian oil - World News<\/title>\n<meta name=\"description\" content=\"President Trump said the U.S. is seizing &amp;quot;millions&amp;quot; of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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