Photo credit: Aljazeera
United States President Donald Trump has said Washungton is relying on economic pressure rather than new military strikes to push Iran towards making a deal.
AlJazeera reports that in an Axios interview on Sunday, Trump pointed to a more cautious approach after months of conflict, Trump said, “We are low-keying it,” adding that Washington is “only semi-negotiating” with Tehran while monitoring the toll the war has taken on Iran’s economy.
He said Iran is in “very bad shape” financially, citing high inflation and difficulty paying its own troops, and credited a US naval blockade in place since A|pril with deepening that pressure.
Trump also said falling oil prices, now just above $75 a barrel, have eased the economic impact on American consumers.
Trump’s remarks come as talks mediated by Oman over reopening the Strait of Hormuz to shipping appear close to a breakthrough. Iran’s foreign ministry said this month that t5he talks had reached their “final” stages, with both sides nearing an agreement on coordinates for a new shipping route the strait.
Tehran has stressed it would not fully reopen the waterway until the US “corrects its behaviour”, which includes demands to lift the naval blockade, halt military actions and pay war damages.
A ceasefire reached in June collapsed weeks later over disputes about control of the strait, and fighting resumed.
Since then, Iran has continued intermittent strikes on US bases in Kuwait, Bahrain and Jordan, while Yemen’s Houthis, who are aligned with Tehran’, declared a separate naval blockade against Saudi Arabia last month.
