Free Republic

President Trump signaled on Sunday that he's prepared to allow economic pressure on Iran to mount — as opposed to ordering a new military offensive — even as the country continues to defy the U.S. Why it matters: Only a week ago, Trump was on the verge of ordering a return to major combat operations. But in an interview with Axios, he did not make any new military threats. Trump also didn't express any anger or frustration about the fact that Iran has been holding up an announcement on a deal with Oman to reopen the Strait of Hormuz. On...

Iran and Oman are close to an agreement to fully reopen the Strait of Hormuz to shipping traffic that would see both countries collect a so-called “service fee” to cover environmental and security costs. The New York Times reported late Monday, citing Iranian and US officials familiar with the developing accord, that ships entering the strait from the Indian Ocean via the Gulf of Oman would be required to take a route through Iranian territorial waters. Vessels exiting the strait from the Persian Gulf would take a route near Oman’s coast along the south side of the strait. Iran’s Foreign...