Iran’s Supreme National Security Council issued sweeping new conditions required for the reopening of the strategic Strait of Hormuz.

As reported by AFP, Iran 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.

While Iranian officials have indicated that talks mediated by Oman regarding a localized shipping and transit protocol are progressing, Tehran maintains that the waterway will remain effectively........

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