Efforts to finalize an agreement to reopen the strategic Strait of Hormuz hit a setback on Saturday after Iran introduced new preconditions, including demands for compensation covering its wartime losses. On his part, Oman’s foreign ministry on Saturday condemned “repeated attacks on vessels transiting the Strait of Hormuz”, without naming Iran. Backstory…The new conditions for the reopening of the water way comes just days after Iran firmly stated that Hormuz reopening depends on the United States after President Donald Trump has repeatedly insisted Tehran is keen for a deal. Iran rejected the agreement, announcing it will coordinate instead with its neighbor across the waterway, Oman. According to state news agency IRNA, Iranian foreign ministry spokesperson Esmaeil Baqaei stated that naval blockades and other aggressive actions by the US make reopening the Strait impossibleRead Also: Trump Warns Iran of Heavy Strikes if Strait of Hormuz Stays Closed