President Trump rejected Iranian demands for war reparations and other concessions, calling them « totally unacceptable » while acknowledging his administration was « only semi-negotiating ». Brent crude climbed past $84 per barrel, rising more than 1%, as talks on reopening the Strait of Hormuz remain deadlocked despite roughly a fifth of the world’s daily oil supply passing through the waterway. Iran is demanding an end to the US naval blockade, broad sanctions relief, the release of frozen assets, and formal recognition of its sovereignty over the strait. The United States has reportedly deployed more than 20 warships to enforce the blockade. Oman is serving as a secondary diplomatic channel by establishing alternative maritime routes, but this remains a temporary solution without major US concessions.
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