President Donald Trump said he loves the current rise in inflation while claiming the war in Iran is nearing its end.
The comments come as U.S. inflation reaches a three-year high [1]. This economic shift coincides with ongoing geopolitical instability, affecting global energy markets and domestic purchasing power.
During an appearance on Sky News Australia in May 2026, Trump linked the inflationary pressure to the economic impact of the Iran war on oil supplies. He said the current economic environment is a byproduct of the conflict's influence on energy costs.
"I love the inflation thing," Trump said. "You know why? Because as soon as this war is over — you know, I can say it now. Something you didn’t know. Do you know we’ve been taking out millions of barrels of oil?"
The President's assertion that the Iran war is in its final stages led to a sharp decline in oil prices [2]. This market reaction underscores the sensitivity of global energy costs to presidential rhetoric regarding the conflict.
Trump's perspective on inflation deviates from traditional economic goals of price stability. By framing the current rise as a temporary result of a winding-down war, he said the eventual resolution will provide a significant economic correction.
While the administration points to the removal of oil barrels as a strategic move, the three-year peak in inflation [1] continues to pressure U.S. consumers. The correlation between the Iran war and the cost of living remains a central point of the current economic discourse.
“"I love the inflation thing."”
The President's embrace of inflation is an unconventional rhetorical shift that ties domestic economic pain directly to the outcome of the Iran war. By signaling that the conflict is ending, the administration is attempting to manage market expectations for oil prices, though the record-high inflation rates suggest that the broader economy remains volatile despite these claims.
