Fluctuations in the price of oil between periods of negotiation have also declined, and bouts of violence have leveled. The routinization of war is working in favor of the Trump administration.

The question is which side can sustain repeated rounds of conflict, absorb the costs, and ultimately translate military pressure into a lasting political and strategic outcome.

Iran is in a full-scale war with the US, impacting its economy. Strait of Hormuz traffic normal by August 31 at 14.5% YES.