'I love the inflation': Trump downplays price concerns amid Iran oil squeeze

U.S. President Donald Trump on June 10 dismissed concerns about the latest inflation data, telling reporters in the Oval Office that the numbers "were great" and disclosing that the U.S. military had secretly seized 22 Iranian oil ships in a nighttime operation. Trump said the covert seizures explained why oil prices remained at $85 a barrel rather than spiking to $250 a barrel as experts had predicted after the U.S. bombing campaign against Iran's nuclear facilities. He said inflation would fall sharply once the conflict ended.

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