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. Continued attacks in the strait, which was free to transit before the war, led to the collapse of an April ceasefire. Security chief Mohammad Bagher Zolghadr on Saturday laid out a list of demands for reopening the strait, including an end to the “war and aggression against Iran and its allies in Lebanon, Palestine, Yemen, and Iraq”. Oman’s foreign ministry on Saturday condemned “repeated attacks on vessels transiting the Strait of Hormuz”, without naming Iran. A drone struck US assets at an Egyptian port on the Mediterranean last month, marking the first drone attack on Egyptian territory since the outbreak of the Iran war.