The conflict has lasted six months since the US and Israel launched attacks on Iran on February 28. Analysts generally believe that the war has evolved into a war of attrition, with the Iranian regime not collapsing and the Gulf region's economy facing increasing uncertainty. The conflict has led to a decrease in traffic through the Strait of Hormuz to pre-war levels, and the US blockade of Iranian ports has exacerbated oil supply shocks. Despite Washington and Tehran signing a memorandum of understanding in June, there are still no signs of the war ending.