Iran vows to keep Strait of Hormuz closed until US meets demands

Iran's Revolutionary Guards insisted Sunday that they would not reopen the Strait of Hormuz until the United States complied with a list of demands, including paying compensation for war damage. Iran's effective blockade of the crucial energy conduit has rattled allies, roiled markets and driven up prices, but US President Donald Trump said Sunday that he was "low-keying it" in his approach to Tehran, suggesting he believed he could wait them out economically. Tehran insists on retaining control of the Hormuz after the war and wants to charge tolls for passage, repeatedly striking ships it accuses of attempting to circumvent its preferred route. Attacks in the waterway, which was free to transit before the war, led to the collapse of an April ceasefire, and mediators have urged both sides to return to the terms of a subsequent June memorandum that set out a path for peace talks. Iran's Supreme National Security Council laid out on Saturday a list of conditions for reopening the strait, including an end to the war on all fronts, the lifting of a US counterblockade of Iranian ports, the end of sanctions, the release of frozen assets and compensation for wartime damage, the Tasnim new...