The US is relying on sanctions and a naval blockade, as oil prices stabilise, easing economic strain on American consumers.

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United States President Donald Trump has said Washington is relying on economic pressure rather than new military strikes to push Iran towards making a deal.

“We are low-keying it,” Trump said in an Axios interview on Sunday, pointing to a more cautious approach after months of conflict and adding that Washington is “only semi-negotiating” with Tehran while monitoring the toll the war has taken on Iran’s economy.