President Donald Trump said the United States is easing off military pressure against Iran for the time being, opting instead to rely on economic pressure as Tehran continues delaying an agreement over the Strait of Hormuz while demanding sweeping concessions from Washington.

In a brief telephone interview with Axios on Sunday, Trump said his administration is engaged in only limited negotiations with Iran while closely monitoring the country’s deteriorating economy.

“We are low-keying it,” Trump said.

Trump argued that Iran’s financial condition continues to worsen, saying the regime is struggling to pay its military forces. He also credited the U.S. naval blockade with placing additional strain on Tehran’s economy.

At the same time, he noted that American consumers are feeling less of the economic impact from the conflict because oil prices have eased to just above $75 per barrel.

“It will work out. It always works out. It’s like a chess game,” Trump said.

The president’s comments come as Iran continues postponing an agreement involving Iran, Oman, and the United States over reopening the Strait of Hormuz. Under the proposed framework, Iran would receive partial authority over maritime traffic through the strategically vital shipping lane.

On Saturday, Mohammad Bagher Zolghadr, head of Iran’s Supreme National Security Council, unveiled a new list of conditions for restoring full access to the strait. Among the demands were a permanent end to the war against Iran and its allies, the removal of the U.S. naval blockade, the withdrawal of American military forces from the region surrounding Iran, and compensation for damages Tehran says it suffered during the conflict.

Iranian officials also insisted that all U.S. sanctions be lifted and that frozen Iranian financial assets be released.

Those same demands had previously been tied to negotiations over Iran’s nuclear program, but Tehran has now expanded them, making them prerequisites for reopening the Strait of Hormuz.

According to U.S. officials, President Trump had been considering a return to large-scale military operations against Iran as recently as last week before ultimately deciding to pursue de-escalation instead.

One administration official said the pause in fighting has deprived Iran’s leadership of the ability to blame its economic collapse solely on the war, forcing the regime to confront the country’s worsening financial crisis.

The official also said roughly 8 million barrels of oil currently pass through the southern shipping lane of the Strait of Hormuz each night under coordination with the U.S. military, adding that Washington intends to increase that volume as long as an agreement remains out of reach.

Vice President JD Vance said yesterday that the conflict has not ended and emphasized that the administration continues employing diplomatic, economic, and military tools in pursuit of what it believes is the best outcome for the United States.

{Matzav.com}