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Analysis: Middle East Stalemate Intractable, US and Iran Risk New Conflict

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Three months into the Middle East conflict, US blockade measures and Iran's control over the Strait of Hormuz have created a stalemate. With both sides unwilling to concede, economic pressure is mounting and the risk of a new conflict is rising. Experts warn that a miscalculation could trigger a confrontation. The standoff is impacting the Strait of Hormuz, which handles 25% of global crude oil transport, straining the world economy. Iran, facing a deteriorating domestic economy, desires a preliminary deal but the US remains cautious.

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