00:01U.S. President Donald Trump brushed off concerns on Wednesday about consumer inflation surging
00:07to a fresh three-year high in May, on the back of soaring energy prices caused by his
00:12war in Iran.
00:14Instead, Trump praised the numbers, claiming relief was on its way because of a secret
00:18military operation to sneak oil through the Strait of Hormuz.
00:22The numbers were great.
00:23You know what I really love?
00:24I love the inflation.
00:26You know why?
00:26Because as soon as this war is over, you know, I can say it now, something you didn't
00:32know.
00:32Do you know we've been taking out millions of barrels of oil?
00:37Nobody knows it.
00:38You know who doesn't know about it?
00:40Iran until right now.
00:41Oh, when the war is over?
00:43Yes.
00:44It's coming down.
00:45I know you can't.
00:45It's going to come down like a rock.
00:47And again, we're taking out millions, which I'm just announcing today for the first time.
00:54But we've been taking out millions of barrels of oil, millions of barrels.
01:02Trump had pledged in his 2024 campaign to quickly vanquish inflation, but his argument
01:07now is that higher prices are solely a function of the Iran war raising energy costs.
01:13But economists have disputed that claim, with oil prices expected to take months to return
01:18to pre-war levels, depending on when hostilities end.
01:22That's what you already read it.
01:23We've seen the four years ago.
01:24We've seen the four years ago.
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