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Trump shifts to economic pressure on Iran as Strait of Hormuz stays shut and talks stall

Trump shifts to economic pressure on Iran as Strait of Hormuz stays shut and talks stall
30 articles·18 sources·updated about 2 months ago·View in graph

Story Timeline

2 months · 19 summary articles

  1. Trump threatens "most crushing" economic measures against Iran as Middle East war enters sixth month

    Continuation
  2. U.S. military secures Strait of Hormuz oil corridor despite Iranian attacks: officials

  3. Trump declares Strait of Hormuz "New US Territory" as Iran vows to keep waterway closed

  4. Trump threatens to bomb Oman if it interferes in Iran conflict, warns Tehran to surrender

  5. Trump threatens to bomb Oman over Strait of Hormuz talks with Iran

  6. Trump says he will declare Strait of Hormuz U.S. territory after Iran defeat; White House calls remark a joke

  7. Trump vows to declare Strait of Hormuz US territory after defeating Iran as ceasefire expires

  8. Trump demands Iran pay compensation for deaths as Hormuz standoff escalates

  9. Trump shifts to economic pressure on Iran as Strait of Hormuz stays shut and talks stall

  10. Iran says Strait of Hormuz will stay closed until US meets demands: Oman deal nears but Tehran ties reopening to sanctions lift

    Continuation
  11. Iran demands six US concessions to reopen Strait of Hormuz amid stalled talks

  12. Iran accuses Trump of "theater diplomacy" as Strait of Hormuz traffic collapses

  13. Iran and Oman finalise Strait of Hormuz shipping route deal amid US opposition

  14. Iran and Oman finalise Strait of Hormuz shipping route deal without US

  15. US and Iran near deal to reopen Strait of Hormuz as shipping attack raises tensions

  16. Trump says Iran faces "last chance" for deal as Tehran denies direct talks amid Strait of Hormuz tensions

  17. Trump cancels Iran strikes, claims talks to start; Tehran denies negotiations underway

  18. Trump says US-Iran talks to begin after halting planned strikes; Tehran denies negotiations

  19. Trump cancels Iran strikes after claiming deal to reopen Strait of Hormuz

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AI-generated · Hosted in Europe

President Donald Trump said on Sunday the United States is “only semi-negotiating” with Iran and is now prioritizing economic pressure over military action, as the Strait of Hormuz remains closed and talks stall over its reopening.

In an interview with Axios, Trump described the U.S. approach as “low-keying it,” adding, “We are just watching Iran with its huge inflation and the fact they have no money.” He claimed Iran’s economy is in “very bad shape” due to a U.S. naval blockade in place since April, which has slashed Iran’s oil exports and tightened financial strain. “It will work out. It always works out. It’s like a chess game,” Trump said. A White House spokesperson separately stated that “we have achieved all military objectives regarding Iran” .

Iran has rejected the notion of direct talks with Washington. Foreign Ministry spokesman Ismail Baghai responded to Trump’s chess analogy by stating that Iranians “have shown they are professional chess players,” according to Iranian media. Tehran insists the Strait of Hormuz will remain shut until the U.S. meets six conditions: ending military threats, halting actions against Iran and its allies, withdrawing naval and air forces enforcing the blockade, paying compensation for war damages, lifting sanctions, and unfreezing Iranian assets .

Iran and Oman are finalizing a separate agreement on new shipping routes through the strait, with Iran planning to impose fees for maritime services, but this does not address the full reopening of the waterway. The U.S. military’s Central Command reported redirecting 53 commercial vessels, boarding two, and disabling two others under the blockade .

Oil prices have fallen to around $78 a barrel, easing pressure on U.S. consumers, Trump noted. However, shipping disruptions persist, with supertanker charter rates surging to $481,000 per day as war-risk insurers withdraw coverage .

Democratic Sen. Chris Murphy said Sunday that Trump has “lost” the war with Iran and urged accepting a “bad deal” to reopen the strait, arguing that continued fighting weakens Washington while strengthening Tehran .

The White House has also faced setbacks in parallel diplomatic efforts. Israeli Prime Minister Benjamin Netanyahu publicly rejected Trump’s 15-point Gaza plan, which called for Hamas disarmament and Israeli withdrawals, with Netanyahu insisting Israel would not pull back until Hamas is fully disarmed .

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Articles

US forces redirect 55 vessels amid Iran blockade enforcement The US military says its forces have redirected 55 commercial vessels as part of efforts to enforce a Washington-led blockade against Iran, while two other vessels were disabled and two were boarded, according to US Central Command (CENTCOM).

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aljazeera · about 2 months ago

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