business
Iran say won’t reopen Hormuz without US meeting conditions
TEHRAN - Iran’s Revolutionary Guards yesterday said they would not reopen the Strait of Hormuz, vital to the world economy, until the United States met Tehran
New Era10 Aug 2026, 10:00 am

International
2026-08-102026-08-10By Correspondent

TEHRAN – Iran’s Revolutionary Guards yesterday said they would not reopen the Strait of Hormuz, vital to the world economy, until the United States met Tehran’s conditions set out the day before, including compensation for war damages.
Iran has imposed an effective blockade of the strait since the United States and Israel attacked in late February, and wants to charge tolls for passage, striking ships it accuses of attempting to circumvent its preferred route.

Originally published by New Era on 10 Aug 2026, 10:00 am. View original article

