President Donald Trump stunned economists and political allies alike on 10 June 2026 by declaring his enthusiasm for a three-year inflation high that is squeezing American households to a breaking point, even as many voters say they are struggling to keep up with the cost of everyday life.
Asked by a reporter in the Oval Office whether he was concerned by the freshly released government data, Trump was unequivocal. 'No, I love it. The numbers were great,' Trump said. 'I love the inflation.' The president then pivoted to an unannounced disclosure: the US has been seizing Iranian oil, including 22 ships, 'late at night, with no lights', and that this covert campaign is why oil remains elevated at $85 a barrel. He predicted that once the conflict ends, prices will come down 'like a rock.'
