Trump Boasts U.S. Oil Seizure from Iran Will Lower Inflation, Ignores Human Cost
President Trump claimed that the U.S. is seizing millions of barrels of Iranian oil, asserting this will curb inflation after the conflict, while disregarding the ethical and humanitarian consequences.
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President Donald Trump, in a display of reckless bravado in the Oval Office, told reporters he welcomes the recent surge in inflation, declaring he "loves" it because the United States is allegedly confiscating "millions" of barrels of Iranian oil through the Strait of Hormuz. This aggressive action, described as a covert nighttime operation involving dozens of ships, is supposedly aimed at lowering oil prices and, by extension, inflation once the war ends.
When questioned about the Consumer Price Index, which has soared to an annual 4.2% in the latest report—hurting working families the most—Trump responded, "> No, I love it. The numbers were great. You know what I really love? I love the inflation." He boasted that the United States had seized 22 ships "late at night, with no lights," claiming this effort resulted in over 100 million barrels of oil flooding the market and more than 200 commercial vessels passing through the strait.
Trump further asserted that oil prices, currently hovering between $85 and $94 per barrel, would plummet after the conflict, and he shamelessly tied higher stock market levels to this exploitative strategy. He suggested that Iran might be forced to the negotiating table, all while asserting U.S. "control" over the Strait of Hormuz—a move that escalates tensions and undermines international law.
The president’s remarks come as he faces mounting criticism over his mishandling of the economy and rising inflation, with working people bearing the brunt ahead of the midterm elections.