Iran issues demands for reopening of Hormuz

Iran set preconditions on Saturday for a reopening of the Strait of Hormuz, including compensation for war damages, complicating a potential deal to open the waterway essential to the world economy. Tehran has imposed an effective blockade of the strait since the United States and Israel struck Iran in

DUBAI - Iran set preconditions on Saturday for a reopening of the Strait of Hormuz, including compensation for war damages, complicating a potential deal to open the waterway essential to the world economy.

Iran set preconditions for a reopening of the Strait of Hormuz, including compensation for war damages, complicating a potential deal to open the waterway essential to the world economy.

Iranian Foreign Minister Abbas Araghchi said discussions over transit and management of the strait were "approaching the final stages", but added the reopening of Hormuz "is subject to other conditions and compensation for the violation" of the June agreement.

Iran on Saturday issued a new list of demands to the United States, complicating efforts to reopen the critical Strait of Hormuz. NBC News’ Keir Simmons reports from Doha.