The fragile ceasefire between the United States and Iran is on life support after President Trump rejected Tehran's latest proposal to end the confrontation, calling it unacceptable. The situation, now in its 75th day, has cost the US military approximately $29 billion, according to the Pentagon comptroller.
Iran's proposal demanded reparations, sovereignty over the Strait of Hormuz, and a full end to sanctions. Trump dismissed the offer and said the only thing that matters is preventing Iran from obtaining a nuclear weapon. He said he does not think about the financial impact on Americans when making decisions about Iran.
Clashes continue in and around the Strait of Hormuz despite the ceasefire. The US Navy encountered Iranian-flagged vessels, and Iran responded by confronting US military vessels east of the strait. Iran has also seized commercial tankers in the Gulf of Oman.
US intelligence reports contradict administration claims of diminishing Iran's military capability. Iran has regained access to 30 of 33 strategic sites in the Strait of Hormuz and roughly 90 percent of underground facilities. CENTCOM commander Admiral Brad Cooper testified that Iran's military is dramatically reduced but retains a small capability to continue operations, and that the Revolutionary Guard still exercises significant authority.
A Democratic resolution to check Trump's authority regarding Iran failed in the House on a 212-212 tie. Meanwhile, the Justice Department is investigating media leaks, with subpoenas issued to the Wall Street Journal for records of journalists reporting on internal discussions.