Trump 'Low-key' Bets on Economic Pressure against Iran

President Donald Trump walks from Marine One to board Air Force One at Cleveland Hopkins International Airport in Cleveland, Tuesday, Aug. 11, 2026. (AP Photo/Mark Schiefelbein)
President Donald Trump walks from Marine One to board Air Force One at Cleveland Hopkins International Airport in Cleveland, Tuesday, Aug. 11, 2026. (AP Photo/Mark Schiefelbein)
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Trump 'Low-key' Bets on Economic Pressure against Iran

President Donald Trump walks from Marine One to board Air Force One at Cleveland Hopkins International Airport in Cleveland, Tuesday, Aug. 11, 2026. (AP Photo/Mark Schiefelbein)
President Donald Trump walks from Marine One to board Air Force One at Cleveland Hopkins International Airport in Cleveland, Tuesday, Aug. 11, 2026. (AP Photo/Mark Schiefelbein)

Keeping a low profile doesn't come naturally to Donald Trump.

Yet that is the strategy the American president says he now favors in the war against Iran, and he is betting on economic pressure over diplomacy or new strikes.

"We are low-keying it," Trump told news site Axios by phone Sunday.

"We're only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money."

The billionaire has since repeated that he is keeping the option of striking Tehran on the table, but prefers to stress the economic damage inflicted on the country through economic sanctions.

"Iran is broke, totally broke and they're not paying their soldiers," Trump said Monday in the Oval Office.

He has repeatedly claimed, most recently in a Truth Social post on Wednesday, that the country is experiencing inflation of over 300 percent.

He also claimed there is no urgency to act because the United States has "total control" of the Strait of Hormuz, a crucial waterway for the oil trade that has become the geopolitical flashpoint of the conflict.

- 'Terrible shape' -

In reality, Tehran is locking down the strategic passage while Washington is imposing its own blockade on Iranian ports.

"Iran is in terrible shape economically. It can't ship oil at any meaningful level. And it still labors under sanctions and still can't access its overseas assets," said Michael O'Hanlon, an expert from the Brookings Institution think tank.

"The question is, do its leaders really care? I think they care some, but not a lot."

The American president has, for the moment, muted both his threats of apocalyptic strikes and promises of imminent diplomatic breakthroughs -- messages that have been in constant rotation since he launched the war with Israel more than five months ago.

At the end of July, Washington announced new measures targeting Iran's Revolutionary Guard Corps (IRGC), the ideological arm of the Iranian military.

The Wall Street Journal reports that Trump's advisors have shown him data on the impact of American sanctions, which he is now reportedly considering tightening while he also mulls imposing new strictures.

That could be a tactical shift for an American president who, until recently, was threatening to unleash the most devastating strikes since World War II against Iran.

- Chess match -

The shift may also indicate the limited military options left available to the United States, where the press has reported that American munitions stockpiles have been heavily depleted.

Iran's foreign ministry spokesman Esmaeil Baqaei called the fresh push for sanctions a "retreat," noting the country has withstood US sanctions for decades.

"Whenever Washington proves itself incapable of pursuing diplomacy it retreats into sanctions; and whenever those sanctions fail to produce results, it simply increases the dose," Baqaei said in an X post this week.

"The real risk is that American politicians, clinging to this habit, will instead strangle their own remaining chances of a less humiliating exit from a crisis of their own making."

What remains to be seen is whether notoriously impatient Trump, who prefers the spectacle of combat sports like MMA and flashy "deals," will be able to stay true to the long-term strategy of economic pressure.

In his interview with Axios, Trump compared the conflict with Iran to a game of chess.

"Iranians have shown they are professional chess players," Baqaei told reporters in response to the comment.



Military Helicopter Crashes in Southern Türkiye, Killing 4

Rescuers and security officers examine the wreckage of an ambulance helicopter after it collided with a hospital building and crashed into the ground, in Mugla, Türkiye, December 22, 2024. REUTERS/Kenan Gurbuz Purchase
Rescuers and security officers examine the wreckage of an ambulance helicopter after it collided with a hospital building and crashed into the ground, in Mugla, Türkiye, December 22, 2024. REUTERS/Kenan Gurbuz Purchase
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Military Helicopter Crashes in Southern Türkiye, Killing 4

Rescuers and security officers examine the wreckage of an ambulance helicopter after it collided with a hospital building and crashed into the ground, in Mugla, Türkiye, December 22, 2024. REUTERS/Kenan Gurbuz Purchase
Rescuers and security officers examine the wreckage of an ambulance helicopter after it collided with a hospital building and crashed into the ground, in Mugla, Türkiye, December 22, 2024. REUTERS/Kenan Gurbuz Purchase

A military helicopter crashed in southern Türkiye on Thursday, killing four personnel, the Turkish Defense Ministry said.

The aircraft crashed for unknown reasons in Samankoy, a neighborhood on the southern outskirts of the provincial capital Malatya in the early evening.

“As a result of an accident involving our S-70 helicopter in Malatya, for a reason not yet determined, 4 of our heroic comrades-in-arms aboard the helicopter were martyred,” the ministry said in a social media post.

“We pray that God will have mercy on our martyrs and offer our condolences and prayers for strength to their grieving families, our Turkish Armed Forces, and our noble nation.”

According to The Associated Press, TV images showed the wreckage of the helicopter burning near a cluster of buildings in an otherwise open area of land. The Demiroren News Agency reported that flames had spread to a nearby house but reported no casualties on the ground.

Police, firefighters and medical teams were dispatched to the crash.


Trump Says US Does Not Need Iran Deal

US President Donald Trump and Vice President JD Vance look on during a Veterans Day ceremony at Arlington National Cemetery in Arlington, Virginia, US, November 11, 2026. REUTERS/Kylie Cooper
US President Donald Trump and Vice President JD Vance look on during a Veterans Day ceremony at Arlington National Cemetery in Arlington, Virginia, US, November 11, 2026. REUTERS/Kylie Cooper
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Trump Says US Does Not Need Iran Deal

US President Donald Trump and Vice President JD Vance look on during a Veterans Day ceremony at Arlington National Cemetery in Arlington, Virginia, US, November 11, 2026. REUTERS/Kylie Cooper
US President Donald Trump and Vice President JD Vance look on during a Veterans Day ceremony at Arlington National Cemetery in Arlington, Virginia, US, November 11, 2026. REUTERS/Kylie Cooper

President Donald Trump said on Thursday the US does not need a deal with Iran and directed Vice President JD Vance, who has played a role in efforts to resolve the war, to focus "his complete and total attention" on alleged crime and corruption in Democratic-run cities and states.

Trump's directive came a day after the Wall Street Journal reported that Vance was considering face-to-face peace talks with a hard-line Iranian security official and a week after the vice president blamed the costly war with Iran for Republicans' midterm elections drubbing.

Trump's comments marked a shift in tone after he had suggested ⁠in recent weeks ⁠that Iran would be more willing to strike a deal in the eight-month conflict after the US elections.

"We don’t need a deal with Iran. Those days have long since passed. We’ve got their money, Hundreds of Billions of Dollars, and we’ve got their Strait!" Trump wrote on social media, referring to the Strait of Hormuz, the critical ⁠shipping route near Iran where the US military has been working to secure safe passage for international shipping.

Trump said he asked Vance to focus instead on a domestic issue the president previously put in his portfolio: leading an effort targeting alleged fraud in Democratic-run cities and states throughout the US.

"Our Budget could be quickly BALANCED with the correction of this large-scale criminal activity. CORRUPTION is in the Democrat Leadership’s blood!" Trump wrote on Thursday.

Vance's office did not immediately respond to a request for comment.

The Wall Street Journal reported on Wednesday that ⁠Vance was considering ⁠meeting with a senior Iranian security official, a move that would have put Vance at the center of peace negotiations. Reuters has not confirmed the potential talks.

Vance, who is viewed as a leading contender for the 2028 Republican presidential nomination, distanced himself from the war last week after Republicans' midterm election rout by Democrats.

The vice president blamed the costs of the Iran war in part for the party's losses. He also said an earlier recommendation to end the war was "sound advice."

Trump responded to Vance's position by defending the war as necessary to stop Iran from obtaining a nuclear weapon.


Iran: Four Tankers Struck by Explosions in Strait of Hormuz

Iran: Four Tankers Struck by Explosions in Strait of Hormuz
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Iran: Four Tankers Struck by Explosions in Strait of Hormuz

Iran: Four Tankers Struck by Explosions in Strait of Hormuz

Four oil tankers were hit by explosions in the Strait of Hormuz, Iran's military said on Thursday, adding that the vessels had ignored warnings and entered what it considers restricted areas of the strategic waterway.

Tankers are still facing attacks across the strait, despite a rebound in traffic and expectations of a de-escalation in the war between the United States and Iran that have been reflected in falling oil prices.

Iran's Revolutionary Guards Navy said two supertankers were disabled by explosions on Wednesday after they ignored ⁠warnings against using what ⁠it said was an "unauthorized route".

Reuters could not immediately verify the Iranian account.

The two vessels "exploded after hitting naval mines", Iranian state media reported, broadcasting what it said was video footage of the incidents.

Iran's army later said two other tankers had hit mines on Thursday afternoon while sailing through the eastern Strait of Hormuz after ignoring ⁠warnings and disabling their radar systems, state TV reported. The tankers entered a restricted area and subsequently caught fire, it reported.

Earlier in the US-Israeli war with Iran, which began in February, the IRGC Navy announced its attacks on tankers. More recently, however, it has instead reported that vessels have caught fire after hitting naval mines while traversing the southern part of the strait, which it has declared an unauthorized route.

In several of those cases, the United Kingdom Maritime Trade Operations agency (UKMTO) has said vessels had been struck by unknown projectiles.

The ⁠UKMTO said ⁠in reports on Thursday that a vessel was hit by an unidentified projectile about 14 nautical miles northwest of the UAE emirate of Ras Al-Khaimah on Wednesday while exiting the strait, causing a fire in its engine room.
Firefighting efforts were under way and all crew had been evacuated, it added.

At least 10 ships were hit in the first 10 days of November, after 37 attacks in October, which was the highest monthly tally since the conflict began in late February, according to data from the Washington Institute for Near East Policy.