Trump demands compensation from Iran as Strait of Hormuz deal hopes fade and oil jumps
Donald Trump has demanded compensation from Iran as hopes fade for an imminent Strait of Hormuz reopening deal, with Brent crude extending gains
US President Donald Trump has demanded compensation from Iran for past attacks and atrocities, which Iran allegedly backed or perpetrated. According to Business Recorder, Trump made the statement on Truth Social, saying he would seek conflict compensation from Iran as part of any peace negotiations.
The Strait of Hormuz, a vital waterway for global oil supplies, remains blocked, with Iran demanding that the US first end its blockade of Iranian ports and lift sanctions on its oil industry. As reported by Quartz, Tehran said the US must also pay reparations before the strait can reopen.
Oil prices have risen, with Brent crude extending gains, and prices surging back to $85 per barrel, as reported by The National Business. The blockage has sent fuel prices soaring and rattled the world economy.
Brief written by urgent.news from Arabian Business, Business Recorder, Quartz, Handelsblatt, The National Business — 5 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
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- Trump to Axios: "We are low keying it" with Iran axios.com
- Trump ‘low-keying it’ on Iran, as he bets on economic pressure semafor.com
- Trump says US is 'low-keying it' with Iran economictimes.indiatimes.com
