May 3: Iran tightens grip on Strait of Hormuz and defies blockade as US reels from economic fallout

Iran is tightening its grip on the Strait of Hormuz and continuing to pressure the United States, while the US is facing economic fallout. Iran is reviewing the US proposal with strict terms and the IRGC expressed gratitude for the public's unity. US President Trump is grappling with the impossibility of a military operation and the difficulty of negotiating a deal.