According to CoinMeta, the standoff between the United States and Iran continues, and international oil prices rose by about 3% on Monday. Due to the bleak prospects for peace talks between the US and Iran, Trump stated that he has no intention of extending the agreement with Iran, which is set to expire soon. The US-Iran memorandum of understanding signed in June this year technically expired on Monday. Both sides still have differences on many issues, including the Strait of Hormuz. Other officials hinted that the United States is not in a hurry to end this conflict, which has lasted for nearly six months. The US Secretary of Energy said that the US is engaged in a long-term game with the Islamic Republic of Iran, while Trump's senior advisor Kushner stated that Trump will remain patient in reaching an agreement.