BREAKING: President Trump says he is “low keying it with Iran” and he is prepared to allow economic pressure to mount as opposed to ordering a new military offensive, per Axios. Details include: 1. On Saturday, Iran issued a new list of demands to allow shipping through the Strait of Hormuz 2. “We are only semi-negotiating with them,” Trump said 3. US officials say President Trump is looking to “de-escalate for now” US stock market futures open in under 5 hours.(The Kobeissi Letter)