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Iran holds firm on war demands, dampening hopes of Hormuz deal

Aug 11, 2026, 6:29pm EDT
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Cargo ships in Strait of Hormuz
Majid Asgaripour/WANA (West Asia News Agency) via Reuters

Iran doubled down on its demands for reopening the Strait of Hormuz on Tuesday, insisting that the US and its allies unfreeze its assets and end hostilities across the region.

Tehran’s statement dampened hopes that a deal with Oman could provide a route for commercial shipping sooner than the US and Iran could reach their own agreement.

US President Donald Trump is increasingly concerned the conflict could harm his legacy by drawing unfavorable comparisons to past US leaders, Semafor’s White House correspondent reported. “Let me refer you to Jimmy Carter,” a person close to Trump said, referencing the Iranian hostage crisis.

The US fired on a Panama-flagged vessel attempting to break its blockade Tuesday, as Trump vacillates between negotiating and ordering further strikes.

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