Why Trump wants Iran to pay compensation as Strait of Hormuz crisis pushes oil higher
5 min readUpdated: Aug 11, 2026 01:53 AM IST Oil prices jumped about 5 per cent on Monday, as hopes of an imminent reopening of the Strait of Hormuz dimmed after Iran and the United States traded demands for compensation and Tehran said Washington must meet several conditions before the strategic waterway can fully reopen….