• Negotiation Deadlock: President Trump has directed officials to prepare for a long-term naval blockade of Iranian ports. In response, oil prices surged past $120 per barrel on April 30 as the Strait of Hormuz remains closed.
• Diplomatic Warnings: Russian President Putin warned Trump in a phone call on April 29 of "catastrophic consequences" if U.S. military strikes resume.
• Financial Cost: The Pentagon confirmed on April 30 that the 62-day conflict has cost the U.S. at least $25 billion so far.