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Or sign-in if you have an account.Trump and Iran traded compensation demands Monday as hopes for a deal to reopen the Strait of Hormuz fade and oil prices climb. Photo by Graeme Sloan /BloombergU.S. President Donald Trump lashed out on Monday against Iran’s demands for war compensation as part of talks to wind down the conflict, dimming hopes of a quick deal that would reopen the vital Strait of Hormuz and pushing up oil prices.Enjoy the latest local, national and international news.Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events.Unlimited online access to National Post.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles including the New York Times Crossword.Support local journalism.Enjoy the latest local, national and international news.Exclusive articles by Conrad Black, Barbara Kay and others. Plus, special edition NP Platformed and First Reading newsletters and virtual events.Unlimited online access to National Post.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles including the New York Times Crossword.Support local journalism.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Accountor“I am likewise demanding compensation from Iran, for all of the people that they have killed and gravely wounded with their roadside bombs and many conflicts,” Trump wrote on social media. “Additionally, compensation should be paid to the families of the hundreds of thousands of innocent protestors that Iran has killed over the last 50 years.”The sweeping new demands from Trump, which he said will be put “firmly into any, and all, future negotiations,” are almost certain to be rejected by Iran, and come after Tehran reiterated assertive requests for reparations over the weekend and on Monday.Get a dash of perspective along with the trending news of the day in a very readable format.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of NP Posted will soon be in your inbox.We encountered an issue signing you up. Please try againThe hardening on both sides makes it unlikely that Washington or Tehran will be able to agree to any immediate pact on Hormuz that could help end the war. Trump and other U.S. officials have recently suggested a deal with Tehran was getting closer, with both Iran and Oman in parallel discussions about potentially free up shipping in Hormuz.On Monday, Iranian officials made the new demands over Hormuz clear.“As long as hostile actions continue, the conditions for ensuring the safety of this waterway are not in place,” Iran’s foreign ministry spokesman Esmail Baghaei told reporters. “Its reopening is contingent on the U.S. ceasing its illegal actions, lifting the siege and compensating for damages.”Brent crude rose more than four per cent on Monday to over US$87 a barrel, extending a rally of more than five per cent over the previous three sessions. European diesel futures surged more than 10 per cent as refineries in Saudi Arabia and Russia also came under attack, further tightening the market for the fuel considered the workhorse of the global economy. Iran’s Foreign Minister Abbas Araghchi said on Saturday that negotiators are closing in on temporary lanes for ships entering and exiting the Persian Gulf. (Bloomberg)Trump had earlier signalled on Sunday that he was prepared to let economic pressure on Iran build, rather than launch fresh military strikes to force a reopening of the crucial waterway for oil and gas flows. “We are just watching Iran with its huge inflation and the fact they have no money,” Trump told Axios in an interview on Sunday, saying that a U.S. naval blockade of the country was deepening its financial woes. “We are low-keying it.”The president’s comments had marked a shift from his repeated threats to escalate the bombing campaign against Iran and come amid lingering talks between Tehran and Oman to reopen Hormuz.Iran had reemphasized its determination to continue wielding control over Hormuz in the face of U.S. opposition by naming hard-line former Islamic Revolutionary Guard Corps commander Mohsen Rezaee to its top security post over the weekend.An advocate for full Iranian control over the waterway, he served as military adviser to Iranian Supreme Leader Mojtaba Khamenei and will now head the Supreme National Security Council, which coordinates decisions on the war and negotiations to end it.Rezaee replaces Mohammad Bagher Zolghadr, a fellow hard-liner who accepted a new position as political adviser to the supreme leader. The appointments were reported by the state-run Islamic Republic News Agency late Sunday.Over the weekend, Iranian Foreign Minister Abbas Araghchi said a pact with Oman to establish a shipping route through the strait was “very close,” without providing details on the substance. He ruled out direct talks with the U.S. for now, but said the two sides are exchanging messages through intermediaries.The Strait of Hormuz, through which one-fifth of the world’s oil and liquefied natural gas transited before the war, has become a key sticking point in the negotiations to bring a lasting end to the fighting that began when the U.S. and Israel staged airstrikes on Iran on Feb. 28. Trump has demanded free passage for months.Tehran’s demands for a full reopening include the U.S. lifting its naval blockade on Iranian ports, the release of frozen assets and compensation for war damage. It has also called for a permanent end to attacks on groups it backs in Lebanon, Iraq, Yemen and Gaza. It’s unclear how strictly Iran will stick to the list of conditions.Some of the demands will be difficult for the U.S. to meet alone. In Gaza, a proposal by U.S.-backed mediators to disarm Iran-backed Hamas and push the Israeli army out of the Palestinian enclave was rejected by Israel’s Prime Minister Benjamin Netanyahu on Sunday.In Yemen, clashes between the Iran-backed Houthi rebels and forces from the internationally recognized government supported by neighbouring Saudi Arabia have escalated. The Houthis claimed to have struck Saudi Aramco’s Jazan refinery on Sunday, while Saudi authorities reported a fire that was quickly extinguished, with no injuries.The incident would mark at least the second blaze at the 400,000 barrel-a-day complex in a month. Satellite images in late July showed a tank fire following another claimed Houthi attack.—With assistance from Devika Krishna Kumar.Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark nationalpost.com and sign up for our newsletters here. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.