But Iran's aggressive demands cool hopes that the strait will see traffic return to normal anytime soon or that the U.S. will stop applying economic pressure on Iran.

Iran said on Wednesday it is in the “final stage” of drafting an agreement with Oman over the Strait of Hormuz, and US President Donald Trump has said a deal could be announced…

Iran and Oman agree on a route for the Strait of Hormuz, but Tehran insists the waterway's full reopening depends on the US ending its naval blockade.

Tehran looking to exploit situation before resuming broader peace talks with US