![\"\"](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/06\/aptopix-iran-war-strait-of-hormuz-Q6RAHO2EWJD5HMNJE7DF2PSMZE.jpg\")
<\/p>\n
(Amirhosein Khorgooi\/AP Photo\/Amirhosein Khorgooi)<\/p>\n
\u201cTrump really said, \u2018I love the inflation.\u2019 On camera. For all of America to hear,\u201d Senate Democratic Leader Chuck Schumer quickly posted on X. <\/p>\n
\u201cHis contempt for you knows no bounds.\u201d<\/p>\n
House Democratic Leader Hakeem Jeffries said on X that with Trump’s stated love of inflation, “We finally found something that Donald Trump loves as much as he loves himself.”<\/p>\n
Democratic Representative Emilia Sykes quickly pressed Energy Secretary Chris Wright at a hearing about whether he, too, loved inflation.<\/p>\n
\u201cDo you love inflation?\u201d Sykes asked.<\/p>\n
\u201cI love ending Iran\u2019s ability to have a nuclear weapon,\u201d Wright answered. He only conceded after being pressed: \u201cNo, I would prefer lower inflation.\u201d<\/p>\n
When asked about Trump’s specific comments, Wright said, \u201cHe’s an entertaining, hyperbolic guy who’s done tremendous leadership\u201d.<\/p>\n
![\"President](\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/06\/president-donald-trump-speaks-in-the-oval-office-of-the-whit-IDGXDISO25HWBENZFMQB3RJJLA.jpg\")
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President Donald Trump speaks in the Oval Office of the White House, Wednesday, June 10, 2026, in Washington. (Source: Associated Press)<\/p>\n
Trump claimed the secretive shipments were why oil prices had fallen below US$90 a barrel, after surpassing US$110 at the start of April.<\/p>\n
\u201cI’m just announcing today for the first time, but we\u2019ve been taking out millions of barrels of oil, millions of barrels every night,\u201d Trump said.<\/p>\n
On social media, the president said the mission began last month and had \u201cresulted in more than 100 MILLION Barrels of Oil making its way through the Strait, and into the Open Market. More than 200 Commercial Ships have safely travelled through the Strait\u201d. There was no immediate data available to back up that total, and it was not immediately clear what role the US military had played.<\/p>\n
To put that figure into context, a daily average of 20 million barrels of oil had gone through the Strait before the war, which would mean that Trump’s mission had resulted in the equivalent of five days’ worth of normal oil shipments.<\/p>\n
Responding to the new inflation report, the White House pointed out that some expenses had dropped in May relative to the previous month: the price of new vehicles, prescription drugs and auto insurance, for example. But when the overall inflation number is paired with the change in hourly wages, there is a bleak sign that people’s spending power relative to their earnings has declined.<\/p>\n
\u201cPresident Trump has consistently maintained that oil and gas prices \u2014 and thus overall inflation \u2014 will plummet once the Iran situation is resolved, and the administration will continue pushing our affordability agenda to enable Americans to keep more of their hard-earned money,\u201d White House spokesman Kush Desai said in an email.<\/p>\n
But the financial markets were cautious about Trump’s claims that he was lowering prices by getting oil tankers through the strait \u2014 claims that came as the United States also launched airstrikes against Iran, and as Tehran fired back at countries in the region.<\/p>\n
US crude oil futures climbed roughly 4% on Wednesday afternoon, trading at nearly US$92 a barrel.<\/p>\n
The morning’s headlines in 90 seconds, including new threats from Donald Trump, and excitement builds around the All Whites\u2019 World Cup campaign. (Source: 1News)<\/p>\n","protected":false},"excerpt":{"rendered":"US President Donald Trump on Thursday showed how he had learned to stop worrying about inflation and simply,…\n","protected":false},"author":2,"featured_media":471323,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[65,42,43,64,40,38,41,39,66],"class_list":["post-471322","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-donald-trump","tag-headlines","tag-news","tag-north-america","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-us-politics"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/471322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=471322"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/471322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/471323"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=471322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=471322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=471322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}