Even as the U.S. claims to be nearing an agreement to end the conflict, Tehran’s ability to close the Strait of Hormuz and hold the global economy hostage has reinforced the power of regime hard-liners.

Optimism for a US-Iran peace deal appeared to be mounting again, although such hopes have risen in the past only to be dashed amid threats of mass destruction from both sides.

President Donald Trump says a deal with Iran on the war, including opening the Strait of Hormuz, has been “largely negotiated” after talks with regional allies.