Trump appears to be looking for an exit from the Iran war, but fresh Iranian demands and a shrinking US oil reserve make a clean deal look unlikely.

• Trump has privately said he's willing to walk away without a nuclear deal, claiming Iran can't rebuild its program after last year's strikes on three key sites.
• His only real goal now is reopening the Strait of Hormuz and getting out, a big climb-down from the war's stated purpose.
• Iran has raised the stakes with steep new demands: end the war for good, lift the naval blockade, pull all forces out, drop sanctions, release frozen funds, and pay for war damages.
• The US emergency oil reserve has fallen below 300 million barrels for the first time since 1983, adding pressure at home alongside high inflation.
• Trump's approval has sunk to 32%, with support slipping even among his core supporters.

Outlook: A deal looks far off as Iran's demands and Israel's refusal to pull back from Lebanon and Gaza keep the conflict alive.