'That's a good idea': U.S. and Iran trade reparation demands as Hormuz deal hopes fade

US President Donald Trump speaks before signing an executive order calling for more research and flexibility on vaccines, in the Oval Office of the White House in Washington, DC, on August 10, 2026. Jim Watson | Afp | Getty ImagesPresident Donald Trump said Monday that Iran should pay reparations for what he labeled "the damage they've done" over the past half a century."They asked for reparations, you might say, or they asked for money for the damage that we've done, and I said that's a good idea, well we're going to ask for money for the damage they've done over a 50-year period," Trump told reporters in the Oval Office. He added that compensation could be applied to pay damages for U.S. personnel killed or wounded in the Middle East as well as to the families of protesters killed in a crackdown on mass unrest by the Iranian regime this year. "If there's damages to be paid, I think Iran should pay those damages," he said. Oil prices jumped sharply early on Tuesday, with global benchmark Brent crude oil futures adding 2.5% to trade near $90 per barrel, before paring gains. Brent traded 0.3% higher at $87.99 per barrel at 8:27 a.m. ET. Separately, the president said in a Truth Soci...