Trump Blames Biden for Inflation, Predicts Oil Prices Will Drop After Iran Conflict

Trump Blames Biden for Inflation, Predicts Oil Prices Will Drop After Iran Conflict

Trump says price increases across America stemmed from the Biden administration, claims oil cost more under Biden and pledges that fuel will fall sharply once the military conflict with Iran ends.

Richard Miniter
First Published: September 14, 2026, 12:38 PM ET

Donald J. Trump blamed his predecessor for inflation in a Truth Social post, saying price increases across America came from the Biden administration rather than from him. Trump asserted that oil cost more under former President Joe Biden than it does now. Trump also claimed his administration prevented Iran from obtaining a nuclear weapon.