The US is counting on sanctions and a naval blockade, as oil costs stabilise, easing financial pressure on American customers.
Revealed On 10 Aug 2026
United States President Donald Trump has stated Washington is counting on financial strain slightly than new army strikes to push Iran in direction of making a deal.
“We’re low-keying it,” Trump stated in an Axios interview on Sunday, pointing to a extra cautious method after months of battle and including that Washington is “solely semi-negotiating” with Tehran whereas monitoring the toll the battle has taken on Iran’s economic system.
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He stated Iran is in “very dangerous form” financially, citing excessive inflation and issue paying its personal troops, and credited a US naval blockade in place since April with deepening that strain.
Trump additionally stated falling oil costs, now simply above $75 a barrel, have eased the financial influence on American customers.
“It’ll work out. It at all times works out. It’s like a chess sport,” he stated.
Trump’s remarks come as talks mediated by Oman over reopening the Strait of Hormuz to delivery seem near a breakthrough. Iran’s overseas ministry stated this month that the talks had reached their “ultimate” phases, with each side nearing an settlement on coordinates for a brand new delivery route by way of the strait.
Tehran has burdened it will not absolutely reopen the waterway till the US “corrects its behaviour”, which incorporates calls for to raise the naval blockade, halt army actions and pay battle damages.
A ceasefire reached in June collapsed weeks later over disputes about management of the strait, and combating resumed.
Since then, Iran has continued intermittent strikes on US bases in Kuwait, Bahrain and Jordan, whereas Yemen’s Houthis, who’re aligned with Tehran, declared a separate naval blockade towards Saudi Arabia final month.
Latest reporting has prompt friction between Washington and Israel over the tempo of US efforts to wind down combating on a number of fronts, together with in Gaza and Lebanon.
