The Iran conflict has escalated into a Cold War-like phase, with financial sanctions, gunboat interdictions, and talks about having talks. The stalemate has no immediate end in sight, leading to higher energy prices and potential for a potential conflict between the two countries. President Trump is considering launching new military strikes or waiting to see if his financial sanctions will lead Iran to negotiate an end to its nuclear weapons program. Some of Trump's senior advisers want him to maintain the U.S. blockade of the Strait of Hormuz and impose more economic sanctions to pressure the Iranian regime before returning to bombing. Meanwhile, outside advisers are urging Trump to reject Iran's latest proposal to negotiate a side deal to open the strait in return for the US dropping its blockade of ships.