Iran has outlined new conditions, including full compensation and improved US conduct, to reopen the vital Strait of Hormuz amid escalating tensions in the West Asia conflict.

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.

US President Donald Trump has repeatedly insisted Tehran is keen for a deal to reopen Hormuz, but Iran has denied this and said it will instead make arrangements with its…