Washington/Tehran, April 29 -- The confrontation between the US and Iran is turning increasingly into a prolonged, uneasy standoff -- one defined less by open warfare, and more by economic pressure, naval manoeuvres, and intermittent diplomatic signals, likening itself closely to a Cold War.

Furthermore, there is growing concern that the situation could evolve into a "no war, no deal" situation, with the on-ground scenario indicating that US forces may be forced to remain in bulk in the region for the foreseeable future, while the Strait of Hormuz would continue to stay largely restricted, and the naval blockade would continue as both sides wait for the other to blink, reports Axios.

For President Donald Trump, the stakes are not just str...