Trump: US is "low-keying it" with Iran, prioritizing economic pressure over military action, per Axios.

This isn't new policy, but a public reaffirmation of current sanctions. Markets react to escalation, not just ongoing friction.

Our read: Economic pain over direct conflict keeps a lid on immediate, sharp risk-off moves tied to this tension. Fear & Greed is already at 31. A "low-key" approach from a former president signals less, not more, immediate escalation.

$BTC