Iran raises Hormuz reopening price, demands U.S. concessions

Iran said an Oman deal on transit through the Strait of Hormuz is close, but any reopening is conditioned on terms including U.S. compensation and an end to sanctions. This raises continued uncertainty for shipping flows and energy supply risk in the region, even as progress toward a deal is signaled.

Analysis

Iran said an Oman deal on transit through the Strait of Hormuz is close, but any reopening is conditioned on terms including U.S. compensation and an end to sanctions. This raises continued uncertainty for shipping flows and energy supply risk in the region, even as progress toward a deal is signaled.