President Donald Trump signaled on Sunday that he is willing to increase economic pressure on Iran, seemingly retreating from plans for additional military strikes despite Tehran’s firm demands.
Trump told Axios in a brief phone interview that the United States is pursuing a low‑key approach.
Just a week earlier, Trump issued another strong warning about striking Iran, then reversed course as he pushes for a diplomatic settlement to end the war he launched together with Israel on February 28.
Axios reported that Trump voiced no frustration on Sunday over Iran’s delay in agreeing to reopen the Strait of Hormuz. Iran has insisted that the United States first lift its port blockade and remove oil sanctions, per the June memorandum of understanding between the two nations.
The Strait of Hormuz’s closure since the war began has driven fuel prices higher and destabilized the global economy, increasing pressure on the Trump administration ahead of the November midterm elections.
Trump said, ‘We are only engaged in partial negotiations; we are simply monitoring Iran’s high inflation and lack of financial resources.’
He added that declining oil prices are easing the financial burden on American consumers.
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