Iran on Saturday set preconditions for a reopening of the Strait of Hormuz, including compensation for war damages, complicating a potential deal to open the waterway essential to the world economy.Iranian Minister of Foreign Affairs Minister Abbas Araghchi said discussions with Oman over transit an

Iran, Oman agree on framework regarding Hormuz, with final approval still pending from Tehran.

Iran demands the US end naval blockades and accept shipping fees before reopening the Strait of Hormuz, which carries 20% of global oil and LNG