An individual waves Iranian flag in entrance of an enormous banner as day by day life continues amid ongoing tensions between the U.S. in Tehran, Iran, on Aug. 6, 2026.
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Iran on Saturday laid out sweeping calls for to the U.S. for reopening the Strait of Hormuz, in accordance with media studies.
The Secretary of Iran’s Supreme Nationwide Safety Council, Mohammad Bagher Zolghadr, mentioned Saturday that reopening the strait would require Washington to raise its naval blockade and sanctions, withdraw U.S. army forces from the area, pay battle reparations, and launch frozen Iranian belongings.
The council additionally referred to as for an finish to U.S. assaults on Iran’s regional allies and to threats in opposition to Iran, in accordance with the studies.
CNBC has not independently verified the calls for. The White Home didn’t instantly reply to a request for remark.
The assertion got here shortly after Abu Dhabi’s Nationwide Oil Firm (ADNOC) mentioned one in every of its vessels was focused by a missile whereas transiting the Strait of Hormuz earlier within the day. ADNOC mentioned in a assertion that the incident “resulted in no accidents, and the scenario has been introduced beneath management.”
The United Arab Emirates, of which Abu Dhabi is the capital, mentioned in a publish on X that it “condemns within the strongest phrases the focusing on of an ADNOC-affiliated tanker whereas it was passing by means of the Strait of Hormuz.”
The reported assault on the UAE ship got here as U.S. Vice President JD Vance, in an interview with Fox Information on Saturday, mentioned Iran and its Gulf neighbors, significantly Oman, have been discussing how to make sure the secure movement of site visitors by means of the strait. Plans embody a site visitors scheme, demining the waterway, and a dedication from Iran to not fireplace on business vessels, he mentioned.
“We do not belief. We confirm,” Vance mentioned, including that the U.S. would choose Iran by its actions relatively than its phrases.
Tehran’s capability to successfully shut the strait — an open, untolled worldwide waterway earlier than the U.S.-Iran battle began on Feb. 28 — has triggered a world vitality provide shock that has pushed up gasoline costs, exacerbated inflation and raised alarms about oil reserves.
Oil costs rose Friday as traders waited for an settlement teased by the Trump administration earlier this week to open the strait to freedom of navigation.
“The reopening of the Strait of Hormuz is topic to the precise mechanism and circumstances of the Islamic Republic of Iran and has nothing to do with the negotiations between Iran and Oman,” Sardar Mohbi, a spokesman for Iran’s Islamic Revolutionary Guard Corps, mentioned in a assertion on Telegram translated by Google.
Treasury Secretary Scott Bessent informed CNBC on Tuesday that an settlement to open Hormuz with freedom of motion may come as quickly as Wednesday. President Donald Trump and Secretary of State Marco Rubio had additionally indicated that an settlement was imminent.
However a deal nonetheless has not been introduced but. In the meantime, ship site visitors by means of Hormuz was down 33% on Friday in comparison with the day prior, with most vessels utilizing the Iranian route, in accordance with the commerce intelligence agency Kpler.
Iran and Oman are engaged on an settlement to outline transit routes by means of the strait, in accordance with media studies. Inbound site visitors would transit Iranian waters whereas outbound site visitors would undergo Omani waters.
However Iranian state media revealed a draft plan Thursday that might prohibit site visitors by means of Hormuz. The plan is beneath assessment by Iran’s parliament, in accordance with the state outlet Fars.
Below the draft plan, Iran would ban U.S. and Israeli ships from transiting the Strait. Different nations which have harmed Iran wouldn’t be allowed to transit till compensation is paid, in accordance with the draft.
Brent crude futures, the worldwide benchmark, gained greater than 1% to shut at $83.55 a barrel. U.S. West Texas Intermediate superior about 1% to settle at $78.18 per barrel. Costs fell greater than 7% for the week.
A quick hiatus in combating between the U.S. and Iran after a June 17 memorandum of understanding was adopted by weeks of assaults and counterstrikes between the U.S. and Iran, with Tehran focusing on a number of of its Gulf neighbors with missiles and drones.
On Thursday, Iran’s chief negotiator accused Trump of staging “theater diplomacy,” as Washington and Tehran provided conflicting accounts of bilateral engagement geared toward ending their monthslong hostilities.
“‘Huge assault coming … wait, by no means thoughts, they wish to negotiate.’ That is theater diplomacy on loop,” Mohammad Bagher Ghalibaf, Iran’s parliament speaker and prime negotiator, wrote in a publish on X on Thursday in an obvious gibe at Trump.
The remarks got here days after Trump referred to as off deliberate strikes and mentioned the outlines of a deal had already been settled with Tehran. Iranian officers have rejected the declare, saying no talks have been underway.
The battle is in the meantime broadening throughout the area, with Gulf vitality infrastructure and key delivery choke factors beneath renewed menace.
— Anniek Bao, Kevin Breuninger, Emma Graham, Spencer Kimball and Justina Lee contributed to this story.
