The risk of renewed conflict between the United States and Iran is alarmingly high, driven by a combination of hubris and miscalculations from both sides. Iran's new Supreme Leader, Mojtaba Khamenei, has taken a hardline stance, refusing to make concessions on crucial issues such as nuclear and missile programs. This position reflects a belief that Iran can impose defeat on its adversaries, despite its weakened state. The US, under President Donald Trump, is also making significant errors in judgment, believing that it can easily dictate terms to Iran. The fragile ceasefire in the Strait of Hormuz is a testing ground for both nations, with each side attempting to gauge the other's resolve. Economic turmoil in Iran, highlighted by the plummeting rial, is causing divisions within the Iranian regime, as some leaders push for negotiations to end the conflict. However, without significant reforms, Khamenei's position remains precarious. The interplay of historical grievances and current political dynamics suggests that both nations are one misstep away from a resumption of hostilities, making the situation increasingly volatile.