US-Iran Conflict Enters New Phase as Trump Shifts Strategy Again
The conflict between the US and Iran has reached its 186th day, with economic concerns surpassing geopolitical worries. The war is causing a ripple effect on global markets, particularly in the oil sector.
US President Donald Trump's strategy has been constantly evolving, from a full-blown military campaign to economic pressure and now back to periodic military strikes. This 'no war, no peace' approach aims to periodically hit Iran without engaging in a sustained conflict.
The US Treasury Secretary Scott Bessent announced an economic pressure campaign against Iran, targeting its financial interests worldwide. He claimed that the new sanctions were starting to hurt Tehran economically, but Iranian Central Bank Governor Abdolnaser Hemmati disputed this assertion.
Gold futures are experiencing a steep decline due to the ongoing tensions and inflationary pressures. Meanwhile, US job openings in July came in softer than expected, with a decrease in hires and total separations compared to the previous month.