Iran has laid out a set of preconditions for any future talks with the United States. Among the demands: full control over the Strait of Hormuz, including authority over transit management, toll collection, and maritime services for every vessel passing through one of the most strategically vital waterways on the planet.

Roughly 20% of the world’s oil supply passes through the Strait of Hormuz on any given day.

The full list of demands

Tehran’s negotiation stance goes well beyond waterway control. Iran is also demanding access to frozen assets, estimated between $6 billion and $12 billion, that have been locked up under various sanctions regimes. On top of that, Iran wants a verified end to Israeli military operations in Lebanon before it will even sit down at the table.

Iran has rejected or sidelined nuclear negotiations entirely, choosing instead to center discussions on strait control and sanctions relief.