US-Iran War LIVE: on Monday held a three-day gain after US President Donald Trump made sweeping new demands on Iran, clouding the outlook for a deal to reopen the Strait of Hormuz. West Texas Intermediate traded near $82 a barrel after closing 5.1% higher in the previous session, while settled below $88. The developments came after Iran and Oman had been negotiating a deal to reopen the strategic waterway. However, Tehran on Monday reiterated that any accord would require Washington to end the naval blockade and compensate Iran for damages. Before the war, roughly a fifth of the world’s oil and liquefied natural gas was shipped through the to global markets.
Trump makes sweeping new demands, lashes out at Iran
The lashed out at Iran on Monday (local time) and made sweeping new demands, including compensation from the Islamic Republic for all the people it has killed in conflicts, after Tehran reiterated requests for reparations as part of talks to wind down the conflict. In a Truth Social post, he said the new demands will be put “firmly into any, and all, future negotiations.” He also said that compensation for Iran “was never mentioned in any of our negotiations or meetings.” But a 14-point memorandum of understanding that Tehran and Washington agreed to in June detailed plans for the US and regional partners to develop a $300 billion fund for the “rehabilitation and economic development” of Iran after the war.
Trump reiterates Strait of Hormuz is open now
On Monday, , when asked what’s next for Iran after the Islamic Republic rejected Washington’s demands, told ABC News, “You’ll find out.” Commenting on whether escalation is still on the table, he added, “Well, we have that — certainly that ability if we want to do that. Yeah, you’ll find out.” The US President once again reiterated that the is now open and completely controlled by Washington, but acknowledged that Tehran could “make trouble.”
Iran accuses US of being “incapable” of pursuing diplomacy
Iranian Foreign Ministry spokesperson Esmaeil Baqaei on Tuesday criticised the Trump administration over its sanctions policy, accusing Washington of being “addicted” to economic restrictions after US Secretary of the Treasury reportedly claimed that sanctions were “suffocating” Iran. In a post on X, Baqaei said the repeated use of sanctions reflected the United States’ inability to pursue diplomacy. He wrote, “The US Secretary of the Treasury has boasted of ‘suffocating’ Iran through economic sanctions. Beyond its sheer pathos, the claim is a stark testament to America’s compulsive addiction to sanctions.” The Iranian official further alleged that whenever Washington fails to achieve its objectives via diplomacy, it turns to sanctions and increases their intensity when they do not yield results.
Key Events
US-Iran war LIVE: Trump flew secretly from Turkey due to Iranian threat, says report
Prompted by an Iranian threat, US President Donald Trump took a secret military flight from Turkey last month when the White House said he was aboard Air Force One, the Washington Post reported Monday.
US-Iran war LIVE: Iran accuses US of being “incapable” of pursuing diplomacy
Iranian Foreign Ministry spokesperson Esmaeil Baqaei on Tuesday criticised the Trump administration over its sanctions policy, accusing Washington of being “addicted” to economic restrictions after US Secretary of the Treasury Scott Bessent reportedly claimed that sanctions were “suffocating” Iran. In a post on X, Baqaei said the repeated use of sanctions reflected the United States’ inability to pursue diplomacy.
US-Iran war LIVE: Trump says Strait of Hormuz is open, controlled by US
On Monday, Trump, when asked what’s next for Iran after the Islamic Republic rejected Washington’s demands, told ABC News, “You’ll find out.” Commenting on whether escalation is still on the table, he added, “Well, we have that — certainly that ability if we want to do that. Yeah, you’ll find out.” The US President once again reiterated that the Strait of Hormuz is now open and completely controlled by Washington, but acknowledged that Tehran could “make trouble.”
US-Iran war LIVE: Trump makes sweeping new demands, lashes out at Iran
The US President lashed out at Iran on Monday (local time) and made sweeping new demands, including compensation from the Islamic Republic for all the people it has killed in conflicts, after Tehran reiterated requests for reparations as part of talks to wind down the conflict.
US-Iran war LIVE: Oil extends three-day gain amid Hormuz deal cloud
Oil prices on Monday held a three-day gain after US President Donald Trump made sweeping new demands on Iran, clouding the outlook for a deal to reopen the Strait of Hormuz. West Texas Intermediate traded near $82 a barrel after closing 5.1% higher in the previous session, while Brent settled below $88.
About the Author
Swati Gandhi is a digital journalist with over four years of experience, specialising in international and geopolitical issues. Her work focuses on foreign policy, global power shifts, and the political and economic forces shaping international relations, with a particular emphasis on how global developments affect India. She approaches journalism with a strong belief in context-driven reporting, aiming to break down complex global events into clear, accessible narratives for a wide readership.<br><br>
Previously, Swati has worked at Business Standard, where she covered a range of beats including national affairs, politics, and business. This diverse newsroom experience helped her build a strong grounding in reporting, while also strengthening her ability to work across both breaking news and in-depth explanatory stories. Covering multiple beats early in her career has helped her be informed about her current work, allowing her to connect domestic developments with wider international trends.<br><br>
At Live Mint, she focuses on international and geopolitical issues through a business and economic lens, examining how global political developments, foreign policy decisions, and power shifts impact markets, industries, and India’s strategic and economic interests.<br><br>
She holds a Bachelor’s degree in English (Honours) from the University of Delhi and a Master’s degree in Journalism and Mass Communication from Guru Gobind Singh Indraprastha University. Her academic training has shaped her emphasis on precision, analytical rigour, and clarity in writing. Her interests include global political economy and the intersection of geopolitics with business.<br><br>
Outside work, Swati focuses on exploring her passion and love for food. From fancy cafes to street spots, Swati explores food like a true foodie.
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