Iran has set conditions for reopening the strategically vital Strait of Hormuz, including U.S. compensation and an end to the reported naval blockade, according to Iranian officials. Tehran says the waterway will not reopen simply because of an arrangement involving Oman, putting the focus directly on Washington and the future of the U.S.-Iran confrontation. The demands come as the Hormuz crisis continues to threaten global energy supplies, shipping and regional stability. Here’s what Iran wants, why Hormuz matters and what Tehran’s ultimatum could mean for the next phase of the conflict.
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