As the war progresses into its second month, Iran is demonstrating resilience despite suffering significant leadership losses. The country has managed to double its oil revenues, not only due to soaring oil prices but also by imposing a toll on vessels passing through the strategically vital Strait of Hormuz, which could yield approximately $100 billion annually. This financial boost comes as the U.S. has suspended sanctions on Iranian oil to alleviate global supply issues amid rising prices at the pump, which have crossed $4 per gallon in many states. The U.S. is grappling with internal pressures as it seeks to raise its defense budget to $1.5 trillion, marking a significant increase since World War II. Meanwhile, Iran's military resistance appears to be strengthening, even as its cities face devastation. Additionally, the conflict has created opportunities for Russia and China, both of which are gaining from the shifting geopolitical landscape. The situation remains fluid, with implications for global oil markets and regional stability.