Iran and the US are in active peace negotiations while tensions over the Strait of Hormuz and a seized Iranian cargo ship remain high — Trump announced talks will resume in Pakistan on Monday, but Tehran signaled reluctance after the ship seizure. Jarvis's framing that Iran 'has Trump over a barrel' captures Iran's leverage through controlling a critical oil chokepoint, though it understates the military dynamics of the conflict: Trump controls naval assets, has seized Iranian vessels, and US crude jumped 7% to $90 per barrel amid the renewed tensions. The underlying claim is real but presents Iran's leverage more dramatically than the actual negotiating balance suggests.