Trump says US not planning major military action against Iran, relying on economic pressure

Trump said the US does not currently plan to resume large-scale military operations against Iran and is focusing on economic pressure, according to Axios. "We are de-escalating. We're talking partially. Just watching Iran with its massive inflation and lack of money," Trump said, adding that the country is in "very bad shape" and that the American naval blockade has worsened the crisis. A week ago, Trump leaned toward escalation, but was persuaded to temporarily de-escalate. Talks on reopening the Strait of Hormuz have stalled, with Tehran demanding an end to the war, lifting of the blockade and sanctions, withdrawal of U.S. forces, and compensation.