Iran sets conditions for U.S. to reopen Strait of Hormuz, including compensation

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1. 1Iran has said the reopening of the Strait of Hormuz requires U.S. compensation, an end to sanctions and the naval blockade of Iranian ports, the return of frozen assets, and the withdrawal of nearby U.S. forces.
2. 2Foreign Minister Araghchi said an interim route agreement with Oman is close, but warned that unimpeded commercial navigation through the strait will not automatically resume.
3. 3A final deal would require approval from Supreme Leader Mojtaba Khamenei, complicating U.S. expectations that oil traffic will normalize soon.

Source Investing.com +1 · View original ↗

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