Iran keeps Hormuz closed until U.S. concessions and compensation are met

Iran says the Strait of Hormuz will remain shut until the United States lifts its blockade, sanctions are eased and Iranian assets are released, with Tehran demanding compensation for wartime damage and describing the stance as a strategic 'chess game'; talks with Washington continue via mediators and a potential temporary shipping corridor with Oman is under consideration, even as regional security pacts and leadership dynamics add complexity to the crisis.