Iran’s steep demands for US over Strait of Hormuz threaten to derail reopening

AI Summary

Negotiations to reopen the Strait of Hormuz are facing difficulties due to Iran's steep demands on the United States and Oman. While Iran confirmed the agreement to establish new shipping lanes is in its final stages, it emphasized the waterway's reopening depends on Washington meeting its conditions. The Strait of Hormuz is a crucial global shipping chokepoint.

A deal between Iran and Oman to reopen the Strait of Hormuz is teetering over steep demands from Tehran for the United States and vice versa.  Iran on Sunday said the agreement to set up new shipping lanes was in its final stages, but repeated ​that the vital waterway would only reopen once Washington met…