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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Economy & Trade

Trump Hints at Economic Pressure on Iran, Pauses Further Military Strikes

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Named sources Ongoing story
  • U.S. President Trump has indicated a preference for continuing economic pressure on Iran, suggesting a pause in further military strikes.
  • This shift comes after a week of escalating threats, as Trump seeks an agreement to end a war initiated jointly with Israel.
  • Iran has delayed an agreement on the Strait of Hormuz, demanding the U.S. lift port blockades and oil sanctions as per a memorandum signed in June.

U.S. President Donald Trump has signaled a strategic shift, indicating a readiness to allow economic pressure on Iran to continue while seemingly stepping back from ordering further military strikes. This move follows a week of heightened threats and comes as Trump actively pursues an agreement to conclude a war he and Israel launched on February 28.

We are playing this low-key.

โ€” Donald TrumpTrump's comment to Axios about the U.S. approach to Iran.

According to Axios, Trump stated in a brief phone interview, "We are playing this low-key." This statement suggests a de-escalation in direct military action, prioritizing economic measures. The report notes that Trump expressed no dissatisfaction with Iran's delay in reaching an agreement concerning the Strait of Hormuz. Iran's condition for this agreement is the U.S. lifting blockades on its ports and rescinding oil sanctions, as stipulated in a memorandum signed in June.

The blockade of the Strait of Hormuz by Iran since the conflict began has led to soaring fuel prices and significantly impacted the global economy. With the U.S. midterm elections approaching in November, this situation adds pressure on the Trump administration. Trump commented on the economic impact, noting, "We are only doing half the deal with them. We are just watching Iran, which is very inflationary and has no money." He also observed that falling oil prices are easing the burden on American consumers regarding the war's costs.

We are only doing half the deal with them. We are just watching Iran, which is very inflationary and has no money.

โ€” Donald TrumpTrump's observation on the economic situation in Iran and the ongoing negotiations.

Reflecting on the negotiations with Iran, Trump expressed confidence that a resolution would be reached, comparing the process to a game of chess. The U.S. president's approach appears to balance the need for de-escalation with maintaining leverage through economic sanctions, aiming to achieve a diplomatic outcome while navigating domestic political pressures related to the upcoming elections and the war's economic consequences.

Things will work out. They always work out. It's like playing chess.

โ€” Donald TrumpTrump's statement on the expected outcome of negotiations with Iran.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.