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Iran Demands US Conditions for Strait of Hormuz Reopening; Trump Counters

Iran has stated that the Strait of Hormuz will remain closed until the United States meets certain conditions, including demands for war reparations. Iranian officials indicated the waterway would stay shut until the US agrees to end the war. In response, U.S. President Donald Trump rejected Iran's compensation demand, calling it an 'interesting idea' but asserting that Tehran must pay. Trump also claimed the U.S. Navy has "100% control" of the Strait of Hormuz and that the waterway has been swept for mines. The exchange has led to rising oil prices and U.S. bond yields, pushing a deal to reopen the strait further out of reach.

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