Recently, news reports suggest Iran’s stance seems noticeably less firm than before, while Trump gives the impression of being calm and unhurried. Consider this: without direct conflict, there’s only verbal pressure and delays. Oil prices have remained elevated without hindering the prior rally in U.S. stocks; after the stock market surge, leverage was re-added, long-term U.S. Treasury yields have declined, and the dollar index remains strong—equities, bonds, and currencies all performing well. If I were in their position, I wouldn’t be in a rush either. When facing a superpower like the United States in a war of attrition, what advantages do you have beyond your population’s greater resilience?