Hormuz Talks Harden: U.S. Demands Reparations; Iran Seeks Broad Concessions

Washington and Tehran exchanged new, hardline demands in talks to reopen the Strait of Hormuz: Iran conditions the reopening on major U.S. concessions (ending threats, lifting sanctions, waiving the naval blockade, releasing assets) and compensation for past damages, while the United States demands reparations for decades of conflict; Tehran says talks are conducted via Oman on a joint management plan for the strait. Experts say a broader peace deal is unlikely until Hormuz is resolved, and oil prices rose on the news.