Trump emphasized that his economic policies are effective, remarking, "Our inflation is just short term," following a report showing a 3.8 percent year-on-year increase in consumer prices, the highest in three years.
He predicted a decrease in oil prices once the war concludes, saying, "As soon as this war is over, which will not be long, you're going to see oil prices drop."
The conflict with Iran, which began on February 28, has led to increased violence in the Middle East and has directly impacted global energy prices.
The Strait of Hormuz, a critical shipping lane for oil and gas, has experienced significant disruptions, contributing to rising energy costs.
According to AAA motor club data, the average price of a gallon of regular gasoline in the US surged by about 51 percent since the war began.
The US Federal Reserve aims for a long-term inflation target of two percent, a goal it has not met for over five years. Inflation peaked at 9.1 percent in 2022.
When asked if the economic situation for Americans influenced his approach to negotiations with Iran, Trump dismissed the notion.
Hindi kahit kaunti. Ang tanging bagay na mahalaga kapag ako ay nakikipag-usap tungkol sa Iran: hindi sila maaaring magkaroon ng sandatang nuklear.
Pangulong Donald Trump