Trump says "I love the inflation" because U.S. is "taking" Iranian oil
President Trump said the U.S. is seizing "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
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Politics Trump says "I love the inflation" because U.S. is "taking out" Iranian oil By Kathryn Watson Kathryn Watson Politics Reporter Kathryn Watson is a politics reporter for CBS News Digital, based in Washington, D.C. Read Full Bio Kathryn Watson Updated on: June 10, 2026 / 2:19 PM EDT / CBS News Add CBS News on Google Washington — President Trump on Wednesday applauded the latest inflation spike, saying the numbers are "great" and "I love the inflation" because the U.S. "taking out" what he called "millions" of barrels of Iranian oil through the Strait of Hormuz in the dead of night. Once the conflict is over, Mr. Trump said oil prices and inflation will drop rapidly.
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