Iran wants war compensation and recognition of sovereignty over the Strait of Hormuz, state media reports.

Iran is reported to want lifting of the US naval blockade, recognition of Iranian sovereignty over the Strait of Hormuz and compensation for war damage.

US president expresses ire at Tehran’s reported demands, as drones strike Gulf nations and Israel warns war ‘not over’

Donald Trump has called off planned air strikes on Iran, claiming a peace deal could be signed by the end of the week in Europe.

Tehran focused on ending the war on all fronts, especially in Lebanon, and safe shipping through the Strait of Hormuz, but it did not indicate how or when the vital waterway might reopen.

President Donald Trump rejected Iran's latest peace proposal late Sunday after Tehran failed to include assurances that the country would never obtain a nuclear weapon.

Talks to end the conflict have dragged on for weeks, with the U.S. seeking to reopen the Strait of Hormuz and prevent Iran from obtaining nuclear weapons.

President Donald Trump has dismissed Iran's response, which included several demands he deemed "unacceptable."

DUBAI/WASHINGTON, May 11 (Reuters) - President Donald Trump's swift rejection of Iran's response to a U.S. peace proposal sent oil prices surging higher on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of ...

Hours before planned strikes against Iran on Thursday, President Trump announced the attacks were off, and said a peace agreement had been reached with Tehran. CBS News' Caitlin Huey-Burns, Eleanor Watson and Aaron MacLean have the latest.