I think this no war no peace situation may well become permanent, with maybe the occasional armed flare up.. Essentially a return to pre war status quo but with Strait of Hormuz now a mini battleground.
If America really chooses to tighten the screw it can stop Iranian exports and imports en masse, maybe even pressure Turkiye and Pakistan to close land border.
Obviously Iran os a big country and can feed itself, but its economic and scientific progress will be blunted massively. America and the rest of the world will move and and of course develop alternatives to Hormuz
The short war favoured Iran and put it in a good position, but longer term, Western economic and military strength will prevail. Iran should take a deal now.
