Iran is reportedly capable of threatening global energy supplies without a traditional navy, potentially using alternative methods to disrupt oil supply lines. There are conflicting reports about the current state of US-Iran relations, with some outlets suggesting a deal is being reached to end conflict, while others indicate that tensions remain high and threats are being exchanged. The situation in the Strait of Hormuz, a key oil lifeline, is a particular point of contention, with Iran threatening to close the strait and the US considering its military options.