Iran is demanding compensation for war damages as a condition for reopening the strategically vital Strait of Hormuz. Foreign Minister Abbas Araghchi stated that talks with Oman are nearing completion, but emphasized the reopening isn’t guaranteed. This new demand complicates potential agreements to ensure safe passage through the waterway. The specifics of the demanded compensation remain undisclosed, adding further uncertainty to the negotiations. The Strait of Hormuz is a critical chokepoint for global oil supply, making its secure passage paramount. This development introduces a significant hurdle in easing tensions in the region and stabilizing oil markets. Further developments are being closely monitored.