According to CoinMeta, and as reported by Bloomberg, analyst Ryan Bohl stated that Iran will not yield to Trump's pressure. Iran has promoted a hard-line former commander to the position of top security official and reorganized its highest decision-making body for national defense. This move comes after Tehran indicated it is "very close" to reaching an agreement with Oman regarding shipping in the Strait of Hormuz, but the Iranian side claims that no negotiations have taken place with the United States.