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’

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.

Talks between Tehran and Washington had already stalled in recent weeks, with the two sides continuing to trade fire in the Persian Gulf

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 ...