US President Donald Trump revealed on Sunday that the US is adopting a more subdued stance towards Iran, eschewing any immediate plans for a new military offensive despite mounting tensions in the Strait of Hormuz. In a phone call with Axios, Trump mentioned that the US was only "semi-negotiating" with Iran while keeping a watchful eye on its deteriorating economic condition, characterized by rampant inflation and dwindling financial resources. The President stated that Iran's economic predicament had been exacerbated by the US naval blockade and that lower oil prices, slightly above $75 per barrel, were mitigating economic strain for American consumers due to the conflict. Trump compared the situation to a game of chess, expressing confidence that it would eventually resolve itself. These comments come amidst stalled negotiations for an agreement between Iran, Oman, and the US regarding the reopening of the Strait of Hormuz. Iran has presented additional demands for the route's reopening, including the termination of the US naval blockade and the withdrawal of US troops from the region. In the interview, Trump refrained from issuing new military threats against Iran, although last week, US officials had hinted at a potential resumption of major military operations against the country. However, recent reports suggest that Trump might be open to ending hostilities with Iran even without a nuclear deal, as long as an agreement can be reached on reopening the Hormuz Strait. Stay updated with the latest World News by downloading the TOI app.