Iran is demanding up to $300 billion in war damages compensation, the removal of US sanctions, the release of $100 billion in frozen assets, and the withdrawal of American military forces from the region before reopening the Strait of Hormuz. Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, announced these conditions in response to mediators pressing Tehran to restore access to the waterway that previously handled approximately 20% of the world’s daily oil and LNG shipments. WTI crude currently trades around $83 per barrel, reflecting the sustained disruption. Negotiations with Oman regarding a temporary shipping corridor are underway, but this limited arrangement remains conditioned on broader US concessions.
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