Iran has laid out a list of nine demands for reopening the Strait of Hormuz, including $300 billion in compensation, the withdrawal of US forces and a ban on American and Israeli vessels in what has been dubbed the "American surrender document".
Nine conditions reported by Iranian media
The nine conditions were reported by Iranian media and come as Tehran insists the strategic waterway will remain closed until Washington "corrects its behaviour".
Iran's Supreme National Security Council said the country would "never compromise" either in war or negotiations and that the US would have to meet its conditions before the Strait could fully reopen.
Demands include compensation and sanctions lifting
Among the demands are an end to US threats against Iran, a permanent halt to American military action against Iran and its regional allies, the lifting of the naval blockade and the withdrawal of US forces.
Tehran is also demanding $300 billion in compensation for war damage, the lifting of all sanctions and the unconditional release of frozen Iranian assets.
The demands reportedly include Iran being allowed to charge up to seven per cent on cargo passing through the Strait, while US and Israeli vessels would be barred. Ships found to have breached the terms could face a 20 per cent "violation toll".
Full list of conditions
- An end to U.S. threats and insults
- A permanent end to U.S. wars against Iran and its allies in Lebanon, Palestine, Yemen, and Iraq
- Lifting the naval blockade and withdrawing U.S. forces
- $300 billion in compensation for war damages
- Lifting all sanctions
- Unconditional release of all frozen assets
- Iran's right to charge up to 7% on cargo
- A ban on U.S. and Israeli vessels
- A 20% violation toll on ships if conditions are breached
Background and reactions
The extraordinary demands come after Iran and the US reached a memorandum of understanding in June that included plans for the eventual reopening of the Strait and a proposed $300 billion reconstruction fund for Iran.
However, the latest Iranian position suggests significant issues remain unresolved.
Iran's Islamic Revolutionary Guard Corps has meanwhile claimed Donald Trump's war strategy has failed, arguing that the US and Israel were unable to force Tehran into submission.
The IRGC described the emerging arrangements as an "American surrender document", claiming they demonstrate Iran's battlefield resilience and bargaining power.
Trump told reporters on Thursday that he believes the war on Iran is nearing an end, promising that petrol prices will drop when the conflict is over.
He said: "I think it's going to end pretty soon. I don't think they can go much longer."
He added that he is involved in negotiations with Tehran. "I think we're doing fine," Trump said.
