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

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.

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 says Tehran’s response to peace proposal was inappropriate as tensions over the Strait of Hormuz and uranium enrichment continue

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 called Iran’s response to a U.S. proposal “totally unacceptable” after Tehran reportedly failed to address key demands over its nuclear program and enriched uranium stockpile.

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 ...

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