Strategic analyst and founder of Off the Record Strategies, Mark Pfeifle, has dismissed the ongoing discussions between Washington and Tehran as peace talks. Speaking on May 11, 2026, he described the exchanges as a contest of pressure, with both sides testing who will yield first. According to Pfeifle, the United States is applying pressure through sanctions, naval power, and blockades, while Iran is responding from within the Strait of Hormuz, creating uncertainty and disruption.

Pfeifle explained that the situation has become a waiting game for President Trump, who is reportedly observing how long Iran can endure the strain. He noted that Iran is facing a severe economic crisis, with the rial’s exchange rate falling to about 1.84 million per US dollar. Prices of essentials such as bread and cooking oil have risen by more than 200 percent, and overall inflation stands near 50 percent. A leaked US intelligence assessment, however, suggests Iran may withstand the current pressure for several more months.

Pfeifle concluded that Trump’s next move remains uncertain, leaving the future of the standoff unclear.