Iran Guards: Hormuz won't reopen until US meets demands

Iran's Revolutionary Guards have insisted they will not reopen the Strait of Hormuz until the United States complies with a list of demands, including compensation for war damage. This effective blockade of the crucial energy conduit has unsettled allies, disrupted markets, and increased prices.

Tehran maintains its control over Hormuz after the war and intends to charge tolls for passage, having repeatedly struck ships it accuses of attempting to bypass its preferred route. The closure has driven up prices for American voters, posing a political challenge for President Donald Trump ahead of the midterm elections.

Iran's Supreme National Security Council outlined conditions for reopening the strait, including an end to the war, the lifting of a U.S. counterblockade, the end of sanctions, the release of frozen assets, and compensation for wartime damage. The Revolutionary Guards stated their strategy is to maintain the blockade "until the enemy accepts all our conditions...the strait is now actually a theatre of war for us and not just a waterway."

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The strait is now actually a theatre of war for us and not just a waterway.

President Trump, however, expressed confidence in his approach, telling Axios, "We are low-keying it." He added, "We are just watching Iran with its huge inflation and the fact they have no money. It will work out. It's like a chess game."

Meanwhile, Oman's foreign ministry condemned the repeated attacks in the waterway, and Iran's foreign minister indicated that discussions with Oman on managing the strait were nearing completion. Traffic through Hormuz has significantly decreased amid the ongoing attacks.

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We are low-keying it. We are just watching Iran with its huge inflation and the fact they have no money. It will work out. It's like a chess game.