Trump shifts to economic pressure as Iran stalls Hormuz deal
What's new: Tehran said no direct U.S. talks are underway and tied any reopening of the strait to sanctions relief and reconstruction funds.
President Donald Trump indicated the United States is pulling back from immediate new military strikes on Iran and instead waiting for economic pressure to build as talks over the Strait of Hormuz remain stuck. Trump described the U.S. posture as "semi-negotiating" while saying Washington is watching Iran's inflation and financial strain. On Monday, Iranian Foreign Ministry spokesperson Esmaeil Baqaei said there are no direct negotiations with the U.S., only messages passed through intermediaries. He said Iran is focused on talks with Oman over a temporary shipping route and will not allow the waterway to reopen unless Washington lifts sanctions and helps fund reconstruction. The standoff has disrupted tanker traffic and pushed up fuel prices.
Sources
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