President Trump announced Sunday that his administration is adopting a "low-key" approach to the conflict with Iran, emphasizing economic pressures over potential military strikes as a means to achieve U.S. objectives.
"We are low-keying it," Trump told Axios. "We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money."
This statement marks a departure from recent weeks, during which Trump had frequently warned of significant repercussions for the Islamic Republic if it did not comply with U.S. demands. Notably, his recent remarks did not include threats of further military action.
Iran's economy has experienced a sharp decline since late last year, with its national currency, the rial, reaching record lows. The cost of essential goods has surged, particularly since the conflict with the U.S. began in February. According to Iran's Statistical Center, bread prices have increased by 140%, dairy by 116.8%, and overall food and drink prices by 113.8%.
Trump attributed Iran's difficult economic situation, in part, to the U.S. naval blockade of Iranian ports, stating that it has left the regime "in very bad shape."
"It will work out. It always works out. It's like a chess game," Trump commented on the current geopolitical situation.
Iranian President Masoud Pezeshkian has acknowledged the country's dire economic state, accusing the U.S. of attempting to provoke public unrest through its pressure tactics. Earlier this year, Iran witnessed widespread protests stemming from economic hardship, leading to national unrest and a government crackdown.
Reports indicate that some Iranians are resorting to stealing groceries and forgoing medical care in an effort to survive the economic crisis. Despite these domestic challenges, Iranian hardliners and military officials have maintained that the country will withstand the difficulties to pursue its war aims, which include control of the Strait of Hormuz.
Mohammad Bagher Zolghadr, head of Iran's Supreme National Security Council, stated over the weekend that the strait would only be reopened once the U.S. agrees to end the war and lift all sanctions against Tehran.