International
Trump Defends Rising Inflation, Says Prices Will Fall After Iran Conflict
Trump Defends Rising Inflation, Says Prices Will Fall After Iran Conflict
United States President Donald Trump has sparked fresh debate over the state of the American economy after declaring that he “loves” the latest inflation figures, even as US inflation climbed to its highest level in three years.
New data released by the US Bureau of Labor Statistics (BLS) showed that annual inflation rose to 4.2 per cent in May 2026, up from 3.8 per cent in April, marking the third straight monthly increase and the highest rate recorded since 2023.
The increase was driven largely by rising energy prices, with gasoline, electricity and other fuel-related costs surging amid ongoing geopolitical tensions involving the United States, Israel and Iran.
Reacting to the figures at the White House, Trump appeared unconcerned about the inflation spike.
“I love it. The numbers were great. You know what I really love? I love the inflation,” the president told reporters.
The remark quickly drew attention across political and economic circles, with critics arguing that millions of Americans continue to struggle with higher living costs. However, Trump later clarified that he was not celebrating rising prices but rather expressing confidence that inflation remained lower than many analysts had predicted despite global instability.
Speaking to the New York Post, Trump said the latest figures demonstrated the resilience of the US economy during a period of international conflict.
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“I love the inflation numbers because of what I’m talking about. The numbers are going to be phenomenal because what’s showing is that despite the fact that we’re in a war, the numbers are much lower than anticipated, and when we’re out of that war, the numbers will be at lower numbers than they were even before it started,” he said.
Trump maintained that inflationary pressures would ease significantly once tensions in the Middle East subside. According to him, oil prices are expected to decline sharply after the conflict ends, helping to reduce transportation, manufacturing and household energy costs.
“When this conflict is over, you will see oil drop to where it was before,” he told reporters.
The latest inflation report showed that energy costs accounted for a significant share of the increase in consumer prices. Government data indicated that fuel-related expenses contributed heavily to the overall rise, with gasoline prices recording one of the sharpest increases.
Data from the American Automobile Association (AAA) showed that the national average price of regular gasoline rose to approximately $4.15 per gallon, compared with about $2.98 per gallon in late February.
Analysts have linked the increase in fuel prices to disruptions in global oil markets and concerns surrounding the Strait of Hormuz, one of the world’s most important oil shipping routes. Any threat to oil exports through the waterway typically drives up crude oil prices and increases inflationary pressures across major economies.
Beyond energy, the Bureau of Labor Statistics reported higher costs for airline tickets, healthcare services, communication services, recreation and other consumer goods and services.
The inflation increase presents a fresh challenge for the US Federal Reserve, which has a long-term inflation target of 2 per cent. Rising inflation often raises expectations that the central bank could maintain higher interest rates or introduce additional measures aimed at slowing price growth.
Financial markets are now closely watching upcoming policy decisions from the Federal Reserve as officials assess whether current inflation pressures are temporary or likely to persist.
The issue is also expected to become a major political talking point ahead of the upcoming US midterm elections, with inflation, fuel costs and affordability remaining among the top concerns for American voters.
Although current inflation remains well below the 9.1 per cent peak recorded in 2022, economists remain divided over the outlook for the coming months. While some believe easing geopolitical tensions could bring prices down, others warn that continued disruptions in global energy markets may keep inflation elevated for longer than expected.
For now, the latest data underscores the continued influence of energy prices on the US economy and sets the stage for a renewed debate over inflation, interest rates and economic policy in the months ahead.
Trump Defends Rising Inflation, Says Prices Will Fall After Iran Conflict
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International
Houthis Launch Missile at Saudi Arabia as Regional Tensions Escalate Amid US-Iran Strikes
International
166,000 Evacuated as Unprecedented Wildfires Rage Across France, Spain
166,000 Evacuated as Unprecedented Wildfires Rage Across France, Spain
More than 166,000 people have been forced to flee their homes and holiday destinations as unprecedented wildfires, fueled by extreme heat, drought, and strong winds, continue to ravage vast areas across France and Spain. The blazes have threatened major cities, including Bordeaux and Madrid, destroyed hundreds of homes, and prompted the deployment of military personnel and European Union emergency assistance. French President Emmanuel Macron has ordered the army to mobilise in response to what officials have described as the worst wildfire France has ever seen, while Spanish authorities have declared a national emergency for only the second time in the country’s history as flames approach the capital, Madrid.
In southwestern France, more than 141,000 people have been evacuated as wildfires tear through the Gironde and Landes regions. The Gironde blaze, described by local prefect Sophie Brocas as an “XXL fire”, has burned through more than 19,000 hectares of forest and destroyed approximately 80 homes. Around 44,000 people fled the up-market Cap Ferret peninsula south of Bordeaux, where the only road was threatened by flames. Hundreds were evacuated by boat, while others drove off the peninsula, known for its millionaire residences. More than 50 houses there have been destroyed. Authorities ordered the evacuation of towns near Bordeaux “as a precaution” against the approaching inferno, while traffic information website Bison Futé urged drivers to avoid roads in the area to free up access for emergency services.
French Interior Minister Laurent Nunez said the country had never before seen such fires on this scale and pledged to “do everything” to protect Bordeaux. “We are going to reorganise our response so we can fight it from the ground and prevent it from advancing toward Bordeaux,” Nunez told French broadcaster TF1, warning that the fire was “self-sustaining” and changing direction. Prime Minister Sebastien Lecornu called a crisis meeting of key ministers late Friday and said a total of 1,000 military personnel would be deployed to confront the flames. In addition, “1.5 million FFP2 masks will be delivered as of tonight to Gironde in order to protect the personnel involved and the populations exposed to smoke that is harmful to health,” he said on X. About 40 of the 1,000 firefighters battling the Cap Ferret blaze have been injured, authorities confirmed. Three firefighters have died in wildfires in France and Italy this week.
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The situation in Spain is equally dire, with at least 25,000 people evacuated in the Madrid region and another 40,000 told to lock themselves indoors. Spain’s government has declared a national emergency for only the second time in the country’s history, allowing the central government to assume overall command and coordinate national and regional emergency resources. Carlos Novillo, the Madrid regional government’s emergency management chief, said the wildfire near the capital was “at its peak and is currently beyond the capacity of firefighters to contain”. “It’s not possible to attack the fire in that area, so defensive measures are being taken,” he added.
Two of the three major wildfires west of Madrid have merged into one, threatening suburban towns. The fire is heading towards Navas del Rey, around 50 kilometres from the capital, and officials fear the blaze could combine with another wildfire in the neighbouring Castilla y Leon region, creating an even larger catastrophe. Madrid’s regional president Isabel Díaz Ayuso described it as the “worst fire in the history of the region”, with the area facing a “perfect storm” of high temperatures, relentless wind, and merging fire fronts. The Military Emergency Unit has been mobilised to try to halt the advance of the flames, with its main focus protecting areas near the town of El Escorial. “The smoke was incredibly thick,” Jose Cobos, who fled his home southwest of Madrid with his wife and three dogs, told Antena 3 television. “You couldn’t breathe.” In the village of Chapinería, 33-year-old Joaquin Espinosa told The Associated Press: “All around the town was smoke and fire, I was scared. Everything was fire and smoke, people were nervous.”
Madrid and Paris have called in EU emergency assistance as flames whipped up by strong winds and drought tore through tinder-dry forests. Following appeals for assistance, the European Commission said it was sending four water-bombing planes to Spain and three to France. Macron said France would receive reinforcements including two Croatian Canadair firefighting aircraft, two Portuguese Air Tractor aircraft, and two heavy-lift Black Hawk helicopters from the Czech Republic and Slovakia. Spanish Interior Minister Fernando Grande-Marlaska said Italy and Greece are each sending two Canadair water-dumping aeroplanes. Emergency shelters were set up in schools and gymnasiums in southwestern France for tourists and residents left wondering what they would return to. In the village of Andernos, Maria Lalanne, a 90-year-old from Lege Cap Ferret, sat on a camp bed in a gym without her glasses or hearing aid, which she had left behind. “I have heart disease, high blood pressure and problems with my eyes,” she said. “I don’t know how long all this will last. I don’t know how my house is, whether it has burnt.”
Some European regions have suffered at least two heatwaves since May. Drought blamed on human-fuelled climate change has heightened the threat from wildfires this year, the World Weather Attribution group said in a study published this week. Southern Europe has seen multiple large fires this summer, with Europe being the world’s fastest-warming continent, with temperatures increasing twice as quickly as the global average since the 1980s. Spain’s Prime Minister Pedro Sánchez has called for a pact between political parties to fight climate change, which he said is key to adapting to a more fire-prone climate. So far this year, 44,000 hectares have been burned in France, more than the average, Nunez said. In Spain, more than 1,140 square kilometres have already burned this year, more than five times the burned terrain through the first half of 2025. The unprecedented scale of these wildfires serves as a stark reminder of the growing impact of climate change on Europe’s fire seasons, with experts warning that such extreme events are likely to become more frequent and severe in the coming years.
166,000 Evacuated as Unprecedented Wildfires Rage Across France, Spain
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International
UN calls for urgent evacuation of 6,000 sailors stranded in Strait of Hormuz
UN calls for urgent evacuation of 6,000 sailors stranded in Strait of Hormuz
The United Nations has called for the urgent evacuation and repatriation of about 6,000 sailors stranded aboard commercial vessels in the Strait of Hormuz, warning that the prolonged crisis poses serious humanitarian, human rights and maritime safety concerns as conflict in the Middle East continues to threaten one of the world’s busiest shipping lanes.
The appeal was made by UN High Commissioner for Human Rights Volker Türk, who urged all parties involved in the conflict to prioritise the safety of civilian seafarers and facilitate their immediate evacuation. He stressed that thousands of crew members have remained trapped aboard vessels for weeks despite the announcement of a ceasefire, with many unable to disembark or safely return home because of persistent security threats.
Speaking in Geneva, UN human rights spokeswoman Shabia Mantoo said estimates from the International Maritime Organization (IMO) indicate that approximately 6,000 seafarers remain stranded on hundreds of ships operating in or around the Strait of Hormuz.
She said all parties to the conflict must urgently ensure safe passage for the affected crews, guarantee access to essential humanitarian supplies and respect international humanitarian law, which prohibits attacks on civilian vessels.
According to the UN, stranded sailors require immediate access to food, clean water, medical care, communication facilities, mental health support and consular assistance while arrangements are made for their evacuation and repatriation.
Türk also appealed to governments, shipping companies, flag states and international maritime organisations to work together to protect seafarers whose safety has been endangered by the escalating regional conflict.
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The humanitarian appeal comes amid renewed military tensions involving the United States, Iran and Iran-backed Houthi fighters following attacks on commercial oil tankers and other merchant vessels operating in the Red Sea and surrounding waters.
Although U.S. military officials have maintained that the Strait of Hormuz remains open to international commercial shipping, security risks have continued to disrupt maritime operations, forcing several shipping companies to suspend or reroute voyages while others delay sailings until the security situation improves.
The renewed conflict has also triggered sharp increases in global oil prices, with Brent crude climbing above $100 per barrel, raising fresh concerns about global energy supplies, inflation and the cost of international freight.
Industry analysts say the rising geopolitical tension has led to higher war-risk insurance premiums, increased shipping costs and greater uncertainty for global supply chains that depend heavily on uninterrupted maritime trade through the Gulf.
The Strait of Hormuz, located between Iran and Oman, remains one of the world’s most strategically important maritime chokepoints. Before the latest escalation, nearly 20 per cent of the world’s oil supply and significant volumes of liquefied natural gas passed through the narrow waterway each day, making any disruption a major threat to international energy markets and global commerce.
The International Maritime Organization has repeatedly warned that civilian seafarers should never become casualties of armed conflicts, stressing that shipping crews perform essential services that keep global trade moving and deserve protection regardless of geopolitical disputes.
Maritime labour organisations have also expressed concern over the welfare of stranded crews, reporting that many sailors have remained onboard far beyond the expiration of their employment contracts while facing shortages of supplies, delayed crew changes and growing psychological stress caused by prolonged uncertainty.
The International Transport Workers’ Federation (ITF) has urged governments to accelerate diplomatic efforts to secure humanitarian corridors that would allow stranded crews to leave the conflict zone safely.
Shipping experts warn that prolonged instability in the Strait of Hormuz could have far-reaching economic consequences, including higher fuel prices, increased transportation costs, supply chain disruptions and inflationary pressures across many economies.
The UN has reiterated that protecting civilian shipping remains a legal obligation under international law and urged all parties to exercise maximum restraint to prevent further escalation while ensuring the safe evacuation of thousands of sailors caught in the conflict.
UN calls for urgent evacuation of 6,000 sailors stranded in Strait of Hormuz
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