For weeks, an anxious world (wrangled or hovered) between war and peace ad diplomats desperately dtuggled to resolve the crisis.

pick the better choice;

wrangled or hovered

Hovered would imply indecision. They're just sitting there not really moving towards resolution or war. Wrangled would imply that there is still an argument to settle. Hovered sounds better but you should base it off which definition fits.