Trump rejects Iran’s $300 billion war compensation demand and says Tehran should instead pay for people killed or wounded in conflicts involving Iran, as the Hormuz standoff deepens. US President Donald Trump has rejected Iran’s demand for $300 billion in compensation for war damage, instead saying Tehran should pay compensation for people he says were killed or wounded in conflicts involving Iran. Trump described Iran's compensation request as an "interesting idea" and said his representatives had been instructed to include his own compensation demands in future negotiations. Why the Strait of Hormuz mattersThe Strait of Hormuz is one of the world's most important maritime energy chokepoints. Analysis: Why the compensation dispute mattersThe latest exchange turns financial compensation into another major bargaining issue in the US-Iran confrontation.