President Trump told the Financial Times newspaper on Tuesday evening that he had no immediate plans to order new strikes on Iran, after keeping the option on the table for weeks ahead of the U.S. midterm elections.

"We seem to be getting everything we want," the FT quoted Mr. Trump as saying, referring to the current stalemate with Iran. While major fighting stopped weeks ago, the standoff has seen the Islamic Republic continue threatening and attacking commercial ships in the Strait of Hormuz, which in turn has ...