Iran has explicitly conditioned any reopening of the Strait of Hormuz on the lifting of US sanctions, and President Donald Trump has publicly rejected that demand, Fox News reported.
The demand marks a shift from earlier this week, when Trump said Washington was taking a "low-key" approach to the standoff, even as Iran's Revolutionary Guards vowed their threat to blockade the strait would stay in place, as Nunissum reported.
Why it matters: any disruption to Hormuz traffic ripples through global energy markets and shipping, drawing in oil-importing economies far beyond the Gulf.