Ongoing U.S.-Iran conflict since February 2026 has centered on airstrikes, missile exchanges, and naval pressures around the Strait of Hormuz rather than ground operations. Recent developments include President Trump's cancellation of planned strikes in early August amid mediator-backed frameworks for reopening the strait and curbing Iran's nuclear program, alongside continued but limited U.S. retaliatory actions. Analysts highlight logistical barriers to any full-scale invasion of Iran's terrain and note U.S. preference for air and sea power, with no mobilization of conventional ground forces. Trader consensus at 79.5% for no invasion before 2027 reflects these patterns of targeted strikes, diplomatic maneuvering, and absence of escalation signals toward occupation within the resolution window.