According to CoinMeta, Iran has stated that it requires the United States to clearly respond to its seven conditions before the Strait of Hormuz will be opened. Trump, on the other hand, has not ruled out taking military action against Iran after the mid-term elections. On the 3rd local time, various Iranian parties made intensive statements regarding the situation, conveying a tough stance, stating that "Iran will never surrender," and indicating that they are prepared for battle and in a state of highest-level defense. On the same day, Qatar reported that the US and Iran are studying a proposal put forward by mediators, and both sides are still willing to continue negotiations, although differences remain to be bridged, with no specific progress yet to be announced. Sources familiar with the matter said that Qatari mediators are expected to receive feedback from the US and Iran on a new proposal within the next 36 hours.