-+ 0.00%
-+ 0.00%
-+ 0.00%

On August 20, the website of Germany's “Munich Courier” published the title “Trump is now fighting an economic war — experts question his prospects for success: “The key is who blinks first” (by Felix Busyeger). The main content of the article is as follows: Nearly six months after the conflict between the US and Israel over Tehran broke out, Washington changed its strategy in the current war against Iran. After a military strike failed to force Iran's leadership back to the negotiating table, the US government is now turning to economic pressure. For weeks, experts have been discussing America's remaining options in the Iran war. At least since the Strait of Hormuz became an important bargaining chip, there have been opinions that this conflict may eventually turn into a contest, and who can have the last laugh will probably depend on economic endurance to decide. As Trump faces pressure at a specific point in time due to the midterm elections, Tehran may choose to “wait and see.” In fact, Trump is under tremendous pressure due to the consequences of the current war in Iran: domestically, rising oil prices are driving up the inflation rate, and the blockade of the Strait of Hormuz, which has continued for several months, has also boosted global energy and fertilizer prices. For the US president, who once used affordable living costs as his campaign slogan, the current situation is turning into a political “oolong ball.” Dan Alma, chief geopolitical strategist at the Canadian market research firm Amo Macro, analyzed in an interview with CNN: “This unpopular war and rising oil prices are bad for him, but the situation will be worse if he hastily withdraws his troops from the Middle East.” Dubai may be the central part of Trump's new strategy. Under pressure from Washington, the UAE has announced that it will indefinitely suspend all trade relations and financial transactions with Iran.

Zhitongcaijing·08/23/2026 03:09:00
Listen to the news
On August 20, the website of Germany's “Munich Courier” published the title “Trump is now fighting an economic war — experts question his prospects for success: “The key is who blinks first” (by Felix Busyeger). The main content of the article is as follows: Nearly six months after the conflict between the US and Israel over Tehran broke out, Washington changed its strategy in the current war against Iran. After a military strike failed to force Iran's leadership back to the negotiating table, the US government is now turning to economic pressure. For weeks, experts have been discussing America's remaining options in the Iran war. At least since the Strait of Hormuz became an important bargaining chip, there have been opinions that this conflict may eventually turn into a contest, and who can have the last laugh will probably depend on economic endurance to decide. As Trump faces pressure at a specific point in time due to the midterm elections, Tehran may choose to “wait and see.” In fact, Trump is under tremendous pressure due to the consequences of the current war in Iran: domestically, rising oil prices are driving up the inflation rate, and the blockade of the Strait of Hormuz, which has continued for several months, has also boosted global energy and fertilizer prices. For the US president, who once used affordable living costs as his campaign slogan, the current situation is turning into a political “oolong ball.” Dan Alma, chief geopolitical strategist at the Canadian market research firm Amo Macro, analyzed in an interview with CNN: “This unpopular war and rising oil prices are bad for him, but the situation will be worse if he hastily withdraws his troops from the Middle East.” Dubai may be the central part of Trump's new strategy. Under pressure from Washington, the UAE has announced that it will indefinitely suspend all trade relations and financial transactions with Iran.