Iran on Saturday laid out sweeping demands to the U.S. for reopening the Strait of Hormuz, according to media reports. The Secretary of Iran's Supreme National Security Council, Mohammad Bagher Zolghadr, said Saturday that reopening the strait would require Washington to lift its naval blockade and sanctions, withdraw U.S. military forces from the region, pay war reparations, and release frozen Iranian assets. The council also called for an end to U.S. attacks on Iran's regional allies and to threats against Iran, according to the reports. CNBC has not independently verified the demands. The White House did not immediately respond to a request for comment. According to the interim deal signed in June between the U.S and Iran, a schedule to end sanctions and a compensation plan would be part of the final deal, as would negotiations to address frozen assets. The end of a 60-day period agreed to negotiate a final deal will come in just over a week. The statement came shortly after Abu Dhabi's National Oil Company (ADNOC) said one of its vessels was targeted by a missile while transiting the Strait of Hormuz earlier in the day. ADNOC said in a statement that the incident "resulted in no injuries, and the situation has been brought under control." The United Arab Emirates , of which Abu Dhabi is the capital, said in a post on X that it "condemns in the strongest terms the targeting of an ADNOC-affiliated tanker while it was passing through the Strait of Hormuz." Separately, Iran said it was close to reaching a deal with Oman to manage the strait, the Associated Press reported. Iranian Foreign Minister Abbas Araghchi earlier Saturday said the two countries, which border the waterway, were close to reaching an agreement on navigation, "specifically the determination of a transit route." Oman said in a statement that the discussions were ongoing "in a positive and constructive atmosphere," and condemned attacks on ships on the strait. U.S. Vice President JD Vance , in an interview with Fox News on Saturday, said Iran and its Gulf neighbors, particularly Oman, have been discussing how to ensure the safe flow of traffic through the strait. Plans include a traffic scheme, demining the waterway, and a commitment from Iran not to fire on commercial vessels, he said. "We don't trust. We verify," Vance said, adding that the U.S. would judge Iran by its actions rather than its words. Tehran's ability to effectively close the strait an open, untolled international waterway before the U.S.-Iran war started on Feb. 28 has triggered a global energy supply shock that has driven up gas prices, exacerbated inflation and raised alarms about oil reserves . Oil prices rose Friday as investors waited for an agreement teased by the Trump administration earlier this week to open the strait to freedom of navigation. "The reopening of the Strait of Hormuz is subject to the specific mechanism and conditions of the Islamic Republic of Iran and has nothing to do with the negotiations between...
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