President Trump said the U.S. believes it holds the upper hand, but the primary tool for pressure right now is economic, not military. The most significant signal is that sanctions will remain in place until an agreement is reached, meaning pressure is being used to compel negotiations rather than necessarily indicating an immediate, uncontrollable escalation. President Trump is also signaling that energy supplies can be controlled, and the market may be overestimating the risk of disruption. The key point to note is that pressure remains and sanctions are still in place, but the door to a deal remains open.