-Monday's session saw the Hormuz risk premium take a sharp leg higher after President Trump publicly countered Iran's compensation demands with reparations claims of his own, a rhetorical escalation that traders read as pushing a near-term deal further away rather than closer. Brent's intraday jump of over 4% on the news suggests the market is now pricing genuine deal risk rather than simple negotiating theatre. Summary:Trump demanded Iran compensate victims of attacks, conflicts and domestic repression he attributed to Tehran, instructing his negotiators to add the demand to all future talks. Trump named Lebanon, Syria, Yemen and Gaza specifically, saying Iran should be held responsible for damages and deaths in those countries too. One regional security analyst suggested Iran may be using unattainable demands like reparations as cover to extract more realistic concessions, such as sanctions relief.