President Donald Trump said the United States is "low-keying it" in its standoff with Iran, favoring economic pressure over military action, according to an interview with Axios cited by Reuters.
Iran's Revolutionary Guards said Sunday the Strait of Hormuz will stay closed until Washington lifts sanctions and pays compensation for war damage, according to France24. The blockade has pushed up energy prices and rattled markets, the outlet reported.
The Washington Examiner characterized Trump's remarks as trading earlier threats of Iran's "annihilation" for a strategy built on economic pain.
Why it matters: a shift in US posture over the strait reshapes near-term risk for global energy markets and the odds of renewed escalation.
What to watch: whether Trump's lower-key stance opens room for negotiation, or whether Tehran's linked demands on sanctions and reparations harden into a standoff neither side moves off.