Strait of Hormuz standoff: What conditions have US, Iran set to reopen waterway
Iran stated that the Strait of Hormuz will reopen only if the US accepts its broader demands, while the US seeks unrestricted commercial shipping. Iran and Oman are nearing a new shipping agreement, but Tehran insists on its conditions for reopening the waterway. The situation remains critical as a fifth of global oil and gas shipments pass through this route.