New Delhi, July 28 -- As the United States seeks to revive negotiations with Iran, senior US officials believe sanctions, financial restrictions and economic pressure could inflict greater damage on Tehran than military strikes, according to a Hindustan Times report.

President Donald Trump halted military strikes after 13 days to give diplomacy another chance. On Monday, he claimed Iran had sought talks, although Tehran denied requesting direct negotiations, according to AP.

US officials say Iran's worsening economic crisis is now their strongest leverage.

"The Iranians want to stop being bombed and they want money. But that's almost in reverse order. They really want the money first," a senior administration official told Axios.

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