Svmuu News Jefferies economist Kumar pointed out in a research report that after the US President and Iran mutually rejected each other's proposals to end the war, the situation of "neither war nor peace" continues to dominate. Kumar stated that Iran refuses to dismantle its nuclear program – a key demand put forward by Trump; At the same time, the Strait of Hormuz remains effectively closed. Kumar wrote: "Trump truly wants to reach a deal, but he must prove to his supporters that the US has successfully negotiated an agreement on the nuclear issue – which is the entire purpose of launching this war." Kumar further noted that the resilience demonstrated by the US economy indicates that the war has not yet had any substantial impact on the US; Meanwhile, Iran holds the advantage of time, and its ability to hold out may even exceed Trump's patience. (Jin Shi)