According to CoinMeta, energy consulting firm FGE Nexanteca states that under the US maritime blockade measures, Iran's oil exports have almost dropped to zero. However, the likelihood of a recent agreement between the US and Iran to end the war remains very low. FGE's honorary chairman, Ferazon Farsaki, said that the Republican Party's poor performance in the mid-term elections has led Tehran to believe that US President Donald Trump's political position has been weakened. The demands currently made by Iran are unacceptable to the White House. Farsaki stated, "We are not only far from reaching a solution, but the situation is even worse than before the signing of the June memorandum of understanding (MOU), which had prompted a temporary reopening of the Strait of Hormuz." He also mentioned that the possibility of Iran suffering military strikes again is high, as both Trump and Israeli Prime Minister Benjamin Netanyahu have little time left to take action.