On June 11 (Vietnam time), the statement was made by US President Donald Trump while US government data showed consumer inflation in May increased by more than 4%, the fastest increase in 3 years.
Answering reporters' questions about whether rising inflation could affect the Republican party's prospects ahead of the midterm elections in November, Mr. Trump said: "I like inflation.
After this statement, the US leader explained that he had approved a secret plan to bring oil tankers through the Strait of Hormuz due to concerns about increased costs and inflationary pressures. He said the campaign was successful and "worthy" of the decision made.
Mr. Trump continued to express confidence that oil prices will fall sharply when the conflict with Iran ends. "When everything ends, you will see oil prices return to their previous levels. They are falling and will fall like a falling rock," he said.
The US President described the conflict with Iran as a temporary derailment but still a national security issue. According to published information, Tehran's closure of a key transport route through the Strait of Hormuz has pushed up the prices of gasoline, fertilizers and many other commodities, thereby contributing to inflation.
Rising prices may also prevent the US Federal Reserve from cutting interest rates. This is a move that Mr. Trump has repeatedly called for since returning to power.
