CNBC·4 min read·medium
Trump claims '100% control' of Hormuz, demands Iran pay reparations
C
Chloe Taylor, Anniek Bao
✦AI Summary
President Trump is demanding reparations from Iran for historical damages, while international mediators suggest a potential deal regarding the Strait of Hormuz is nearing. Oil prices fluctuated in response to the conflicting signals of diplomatic progress and heightened rhetoric.
The U.S. and Iran are close to "some sort of arrangement" over the Strait of Hormuz, a senior Pakistani minister has said.
politicsworldeconomy
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