President Donald Trump said Sunday that the U.S. is "low-keying it" and only "semi-negotiating" with Iran [1, 2].

This approach signals a shift toward using economic leverage rather than immediate military escalation to resolve tensions. The strategy focuses on Iran's internal financial vulnerabilities to secure concessions regarding the Strait of Hormuz [1, 3].

In an interview with Axios, Trump said the administration is monitoring Iran's economic state, specifically citing the country's lack of funds and high inflation [1]. He described the diplomatic process as a strategic exercise, stating, "It's like a chess game" [2].

Reports on the current status of these talks vary. Some sources indicate the U.S. is only engaging in limited negotiations [1], while other reports suggest the administration is in the final stages of a deal regarding tankers crossing through the Strait of Hormuz [3].

The conflict with Iran is now nearing its sixth month [4]. Despite the tension, Trump said the U.S. military remains well-equipped for any necessary action. "We have far more than needed," Trump said regarding munitions [2].

By avoiding formal, high-profile negotiations, the administration aims to maintain pressure on Tehran. The U.S. is watching how economic pressure affects the Iranian government's ability to sustain its current foreign policy [1].

"We are only semi-negotiating with them."

The shift to 'semi-negotiating' suggests the U.S. is prioritizing economic attrition over traditional diplomacy or direct military conflict. By focusing on Iran's inflation and liquidity crisis, the administration is attempting to force a deal on the Strait of Hormuz by waiting for the Iranian economy to reach a breaking point.