- A new U.S.-led economic offensive — including a naval blockade and tougher sanctions — is squeezing Iran’s oil exports, foreign-currency access and economy, and some say the balance is starting to tilt against Tehran.
- Iran’s efforts to disrupt shipping through the Strait of Hormuz haven’t produced the global shock it hoped for; energy markets and alternative supplies have largely adapted.
- It’s unclear whether the pressure will force concessions — Tehran shows resilience — but mediators are reportedly exploring a compromise, potentially around fees and arrangements for passage through Hormuz.
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