Iran has demonstrated the military capability to close the Strait of Hormuz using drones and fast attack boats.

A study by Oliver Wyman and the World Economic Forum calculated that existing global trade disruptions have cost the global economy approximately $300 billion.

The U.S. Strategic Petroleum Reserve is at its lowest level since the Reagan administration.

There are unconfirmed reports of a $300 billion reconstruction fund and tens of billions of dollars in unfrozen assets being offered to Iran as part of a potential diplomatic deal.

A study by Oliver Wyman and the World Economic Forum projects that a complete halt in trade between countries like the U.S. and China could cost the global economy $7 trillion.

Iran was in compliance with the terms of the previous nuclear deal up until its cancellation in 2018.