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Trump Loves Inflation But Oil Reserves Are Drying Up

Trump Loves Inflation But Oil Reserves Are Drying Up

Published 3 days, 18 hours ago
Description

Trump’s latest inflation cheerleading backfires as CPI surges to 4.2%, fueling concerns over rising energy costs tied to the Middle East conflict. Despite his claims that U.S. control of the Strait of Hormuz keeps prices low and that victory is near, fighting continues and strategic oil reserves—already at historic lows—are running thin. With oil prices potentially soaring past $150 a barrel, inflation’s real impact is hitting wallets hard: real wages have shrunk, core inflation remains stubbornly elevated, and markets dipped amid fears of escalating military action. The numbers aren’t a win—just another sign that underlying economic pressures are far from solved.

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