Washington says Iranian leadership desperate for cash as Tehran remains defiant

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.

Dwindling US arms stockpiles, inflation woes and looming midterms mean time is on Tehran’s side. Trouble, however, is brewing at home.

US President Trump seeks an exit from the Iran war as the conflict continues to escalate. The administration may set aside the nuclear issue for Strait of Hormuz reopening. Iran…

US bets on economic pain to force Tehran to negotiate over nuclear programme