Trump Says US Will Favor Economic Pressure Over More Military Action Against Iran

President Donald Trump said Aug. 9 that the US is taking a "low-key" approach toward Iran for now, signaling it will rely more on economic pressure than additional military action, Walter Bloomberg reported.

Trump argued that a US maritime blockade is worsening Iran's economy, while international crude prices have held near $75 a barrel, limiting the war's impact on American consumers.

Negotiations to reopen the Strait of Hormuz remain deadlocked as Iran demands sanctions relief, compensation, the release of frozen funds and a US troop withdrawal.

Trump likened the standoff to a chess game, indicating he can wait until economic pressure accumulates.