In this NewsBusters article, Joseph Vazquez exposes CNN reluctantly admitting the “worst may be over” for inflation spikes tied to the Iran conflict, after months of fearmongering that oil would skyrocket.
- CNN Business reporter Elisabeth Buchwald’s June 25 piece conceded inflation topped 4% in May but suggested the peak had passed, contradicting earlier doomsday predictions.
- Core inflation rose modestly to 3.4% excluding volatile food and gas, while GDP was revised upward to 2.1%.
- Oil prices hover around $70 per barrel despite Strait of Hormuz concerns, debunking CNN’s April headline claiming $200 oil “isn’t as crazy as it sounds.”
- The network previously blamed Trump tariffs then pivoted to Iran war fears, but reality shows prices stabilizing as conflict eases.
- CNN’s on-screen gas price ticker conveniently faded once metrics improved, highlighting narrative management over honest reporting.
- This admission underscores media’s pattern of hyping crises to damage Trump while ignoring Biden-era record 9.1% inflation.
- Economic resilience under Trump continues despite legacy media’s best efforts to sow panic.
Read the full story:
https://www.newsbusters.org/blogs/business/joseph-vazquez/2026/06/30/crow-appetizer-cnn-admits-worst-may-be-over-iran-war
