Iran's parliament speaker is visiting Baghdad amid discussions between US officials and UAE National Security Advisor regarding the Hormuz situation. President Trump has stated there are no talks scheduled with Iran and is pursuing a strategy to economically "strangle" the nation. The Iranian speaker criticized the US approach, calling its treasury and war secretaries ineffective. Iran has adopted an offensive military posture and warned Gulf nations against assisting US forces, viewing it as participation in a war. The UAE has severed all economic ties with Tehran following an alleged ballistic missile barrage from Iran, which Iran denies. Reports suggest Iran might consider attacking US military targets in Europe if the conflict escalates. Despite projecting resilience, Iranian leaders are concerned about increased hardships from potential US sanctions. Attacks on shipping in the Strait of Hormuz continue without a clear US response, frustrating some Arab allies. However, some analysis suggests the US Navy is gaining ground in the Strait, with Iran losing control. International shipping remains cautious about returning to the waterway due to ongoing risks.