Trump: US ‘only semi-negotiating’ with Iran, observing impact of economic pressure

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US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, US, August 7, 2026
US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, US, August 7, 2026
(photo credit: REUTERS/ELIZABETH FRANTZ)

US President Donald Trump claimed that the US is “only semi-negotiating” with Iran as it watches Tehran struggle to overcome economic pressure, stating that Washington is “low-keying it” in their approach during a phone call with Axios on Sunday. 

"We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money," he stated.

Trump emphasized that the US blockade on Iranian ports along the Strait of Hormuz has contributed to Iran being “in very bad shape.”

One US official told Axios that during active warfare, Tehran can temporarily avoid dealing with the economic consequences of the fighting, but as strikes have paused, it is forced to confront the reality of its economic situation, with no solution easily available. 

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