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.

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.

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

Iran had responded to Washington's latest peace proposal earlier in the day, while warning it would not hold back from retaliating against any new US strikes or permit more foreign warships in the Strait of Hormuz.

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."

Despite Trump publicly calling for Israel to hold fire, it struck targets in Iran for the first time since a ceasefire ‌in April, after Iran fired missiles at Israel in ‌what Tehran said was retaliation for Israeli strikes on Lebanon's capital.