Iran has signaled it is willing to reopen the Strait of Hormuz but is demanding the right to collect transit fees, security guarantees against future attacks, an end to the U.S. naval blockade, and…

Iran has signaled it is willing to reopen the Strait of Hormuz but is demanding the right to collect transit fees, security guarantees against future attacks, an end to the U.S. naval blockade, and relief from U.S. oil sanctions. The U.S. and Gulf states have rejected the fee demand, insisting that Iran first reopen the strait and guarantee the safety of shipping and regional security before any sanctions relief or other concessions are considered. Source: WSJ