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macroJun 10, 2026, 5:00 PM

Trump: 'I Love the Inflation' as CPI Rises to 4.2%; US Seizes Iranian Oil

President Trump commented on the latest US CPI reading of 4.2%, saying he loves the inflation, while also announcing the seizure of 22 Iranian oil ships.

WTICOUSD

President Trump expressed approval of rising inflation in the United States, stating "I love the inflation" following the release of CPI data showing an increase to 4.2%.

In the same statement, Trump announced that the US has been taking oil from Iran, including 22 ships of oil "last night." No further details on the seizures were provided.

The remarks come amid ongoing debates over inflation trends and US-Iran tensions in the oil market.

Source: The Kobeissi Letter