Geopolitics
After repeated threats and pullbacks from US President Trump, it has only reinforced a belief among the country's leadership Trump is not looking for a wider war, but for leverage in negotiations, reports CBS citing Iran sources
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Trump paused strikes as formal talks begin today. Iran views his tactics as leverage-seeking, while markets watch Omani-mediated efforts to reopen the Strait of Hormuz under a new deal.
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They calculate that they can absorb the pressure and raise the cost to the U.S. through proxies – such as Yemen's Houthis – and threats to global shipping until Washington concludes there is no military way out of this conflict.
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