Iran Demands Sanctions Relief and Compensation Before Reopening Hormuz
Iran says it will not reopen the Strait of Hormuz until its conditions are met, including compensation for war damage, the lifting of sanctions and the release of frozen Iranian assets. Foreign Minister Abbas Araghchi said talks with Oman on transit and management of the strategic waterway were nearing a final stage. However, Iranian officials insist that any agreement must address Tehran’s wider security and economic demands. Shipping through the strait has fallen sharply amid reported attacks on vessels. The UAE said an ADNOC tanker was hit by a missile, while maritime authorities reported another vessel fire off Oman. The disruption has raised fresh concerns for global oil and gas supplies.
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