The Financial News

The Financial News

Iran demands U.S. pay for war damage before agreeing to reopen Strait of Hormuz


Iran doubled down on keeping the Strait of Hormuz closed until the U.S. meets a sweeping list of demands. President Trump scoffed at those conditions, especially paying reparations to Iran for damages caused by five months of U.S.-Israeli bombardments. The impasse comes as war appears closer in Yemen between a Saudi-backed coalition and Iran-backed Houthi rebels. Nick Schifrin reports.

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