<p>US President Donald Trump said Washington is taking a "low-key" approach towards Iran and is not currently seeking a fresh military offensive, as economic pressure mounts on Tehran and negotiations over reopening the Strait of Hormuz remain stalled.</p>
<p>In a brief phone call with Axios on Sunday, Trump said the US was only "semi-negotiating" with Iran while monitoring the country's worsening economic situation.</p>
<p>"We are low keying it," Axios quoted Trump as saying.</p>
<p>He added: "We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money."</p>
<h3>Trump Points To Iran's Economic Strain</h3>
<p>Trump said Iran was "in very bad shape" economically and claimed the country did not have enough money to pay its troops.</p>
<p>He also said the US naval blockade had added to the economic pressure facing Tehran.</p>
<p>Trump, however, pointed to falling oil prices as a factor limiting the impact of the conflict on American consumers. Oil prices were slightly above USD 75 a barrel, according to the report.</p>
<p>"It will work out. It always works out. It's like a chess game," Trump said.</p>
<p>His comments suggest Washington is currently relying on economic pressure rather than immediately escalating military action against Iran.</p>
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<h3>Hormuz Talks Remain Stalled</h3>
<p>The remarks come amid continued tensions over the Strait of Hormuz, a crucial route for global oil shipments.</p>
<p>Negotiations involving Iran, Oman and the US over reopening the waterway have stalled, with Tehran demanding that Washington lift its naval blockade and withdraw American forces stationed near Iran.</p>
<p>Iran has also linked the reopening of the strait to wider conditions, including the lifting of sanctions and other measures.</p>
<p>Trump did not express frustration over Iran's delay in reaching an agreement to reopen the waterway, according to Axios.</p>
<p>The blockage has contributed to higher fuel prices and heightened concerns about the impact of the conflict on the global economy.</p>
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<h3>Iran Says No Direct Talks With US</h3>
<p>Iranian Foreign Minister Abbas Araghchi said Tehran is not currently engaged in direct negotiations with Washington and is instead communicating through intermediaries.</p>
<p>"There are efforts underway to create grounds for negotiations," Araghchi said, according to Al Jazeera.</p>
<p>Meanwhile, the US Defence Department has asked American defence contractors to urgently increase weapons production and accelerate deliveries amid concerns over shortages of critical munitions linked to the war with Iran.</p>
<p>Deputy Defence Secretary Steve Feinberg reportedly told industry leaders they had 21 days to submit plans for "significantly faster, more aggressive delivery schedules and/or increased production for critical capabilities".</p>
<p>The developments come as both sides remain at odds over the terms for restoring shipping through the Strait of Hormuz.</p>
source https://news.abplive.com/news/world/trump-says-us-is-low-keying-iran-watching-economic-pressure-mount-amid-hormuz-standoff-1861239
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