• About
  • Advertise
  • Privacy & Policy
  • Contact
HK Businesswire
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World

    11:11 Systems Acquires Select IBM VMware Cloud Service Provider Enterprise Customers

    Instead of .com or .org, the websites of the future will end with .facebook, .salesforce – or even .stupid or .meow

    YYForce Expands 24iFM With Services Marketplace and Lifestyle Advertising

    Telix to Host Capital Markets Day in Melbourne on November 4, 2026

    AUSTRALIANS ARE EATING MORE THAN TWICE AS MANY EGGS AS THEY DID 30 YEARS AGO

    The Writer’s Place Announces 2027 Relocation of Woodlands Centre to Vista Point

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Cathay Cargo Launches AI Compliance Tool to Streamline Global Trade Operations

    PCCW Global and Druid Technology Partner on Belt and Road IoT Connectivity

    Alipay Launches Domestic Full-Stack Intelligent Agent Platform in Hangzhou

    HKT Posts 4% Profit Rise Amid Steady Local Recovery and AI-Driven Demand

    Alipay Launches AI-Powered Version ‘Abao’ to Streamline Services

    Xiaohongshu Prepares Confidential Hong Kong IPO Filing

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Politics
    • PR Newswire
    • Science
    • World

    11:11 Systems Acquires Select IBM VMware Cloud Service Provider Enterprise Customers

    Instead of .com or .org, the websites of the future will end with .facebook, .salesforce – or even .stupid or .meow

    YYForce Expands 24iFM With Services Marketplace and Lifestyle Advertising

    Telix to Host Capital Markets Day in Melbourne on November 4, 2026

    AUSTRALIANS ARE EATING MORE THAN TWICE AS MANY EGGS AS THEY DID 30 YEARS AGO

    The Writer’s Place Announces 2027 Relocation of Woodlands Centre to Vista Point

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • PR Newswire
  • Business
  • World
  • Entertainment
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup

    Cathay Cargo Launches AI Compliance Tool to Streamline Global Trade Operations

    PCCW Global and Druid Technology Partner on Belt and Road IoT Connectivity

    Alipay Launches Domestic Full-Stack Intelligent Agent Platform in Hangzhou

    HKT Posts 4% Profit Rise Amid Steady Local Recovery and AI-Driven Demand

    Alipay Launches AI-Powered Version ‘Abao’ to Streamline Services

    Xiaohongshu Prepares Confidential Hong Kong IPO Filing

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Feature
No Result
View All Result
HK Businesswire
No Result
View All Result
Home News

Trump compensation demand puts Hormuz hopes on hold

Greta W. by Greta W.
10 August 2026
in News, World
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter
US President Donald Trump on Monday demanded Iran pay compensation for the people he said it had killed in wars, attacks and protests, in a move that will likely complicate efforts to reopen the Strait of Hormuz.

Trump’s proposal, which has not been raised before, was a response to Tehran’s demands for compensation and an end to sanctions. The Iranian demands were largely in line with the terms of a preliminary peace deal signed in June, which has since broken down.

Since the war began in February, Trump has repeatedly oscillated between threats of escalation and claims that a peace deal is imminent.

“We’re going to ask for money for the damage they’ve done over a 50-year period,” Trump said at the White House, saying payments would cover deaths among both civilian demonstrators and US forces in the region.

“So if there’s damages to be paid, I think Iran should pay those damages,” Trump said.

Trump also said Iran should compensate families of the 17 US sailors killed in an October 2000 attack in Yemen on the naval vessel USS Cole, which has been blamed on al-Qaeda, not Iran.

“Also, with respect to the Iran negotiations, Iran should be responsible for the damages and death caused to the people of Lebanon, Syria, Yemen, and Gaza!” Trump wrote in a Truth Social post.

Iran earlier said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the US must meet conditions, including compensation and an end to sanctions and military threats before the key waterway is reopened.

The strait, through which about a fifth of global oil and liquefied natural gas flowed prior to the conflict, has been effectively blocked since the war began, pushing up oil prices and inflation.

Ironically, the agreement with Oman would give Tehran more leverage over the key waterway than it had before the war began.

Trump is under pressure to end a war that is deeply unpopular at home ahead of mid-term elections in November, and high fuel prices are a top issue in rural areas that have backed him in the past.

“What you’re seeing here is the beginning of a capitulation,” Democratic US Representative Bill Keating said on CNN. “This is reality. It’s sinking in.”

Earlier on Monday, Iranian Foreign Ministry spokesman Esmaeil Baqaei said talks with Oman were “progressing smoothly and constructively,” with an agreement reached on a shipping route map, while some technical issues remained unresolved.

Baqaei said the discussions also covered services which would normally involve payment, such as safe navigation, environmental protection, maritime services and combating crime.

US officials have repeatedly ruled out any deal that would allow Tehran to charge fees for access to the strait.

But months of US military efforts, including a two-week campaign of strikes in July, have not broken Iran’s grip on the strait.

Washington and Tehran agreed to a ceasefire in June, but the US reimposed a blockade on Iranian shipping in July, a move that Tehran said violated the truce.

Iran has been striking back with missiles and drones against Washington’s allies in the region, while also targeting commercial ships transiting the strait without its permission. (Reuters)

Tags: World
Greta W.

Greta W.

Read More

HKMA unveils framework for responsible AI in banking

15 October 2026

Under Armour and Feng Chen Wang Bring Rebel Daughter to China, Celebrating the Power of Modern Women

15 October 2026
  • Trending
  • Comments
  • Latest

Court backs Pentagon action over Anthropic

26 September 2026

Indian Australian Businessman Dushyant Khanna Co-Chairs US$1 Trillion iBRICS Summit by SWFI in New Delhi

29 September 2026

Yeastar Launches NovoOne, an AI-native Multi-tenant Communications Platform for Service Providers

24 September 2026
Huawei and Partners Jointly Launch Four AI+ Healthcare Scenarios Solution across APAC

Huawei and Partners Jointly Launch Four AI+ Healthcare Scenarios Solution across APAC

8 September 2026

11:11 Systems Acquires Select IBM VMware Cloud Service Provider Enterprise Customers

8 October 2026

Instead of .com or .org, the websites of the future will end with .facebook, .salesforce – or even .stupid or .meow

8 October 2026

YYForce Expands 24iFM With Services Marketplace and Lifestyle Advertising

8 October 2026

Telix to Host Capital Markets Day in Melbourne on November 4, 2026

8 October 2026

Recent News

11:11 Systems Acquires Select IBM VMware Cloud Service Provider Enterprise Customers

8 October 2026

Instead of .com or .org, the websites of the future will end with .facebook, .salesforce – or even .stupid or .meow

8 October 2026

YYForce Expands 24iFM With Services Marketplace and Lifestyle Advertising

8 October 2026

Telix to Host Capital Markets Day in Melbourne on November 4, 2026

8 October 2026
HK Businesswire

Stay ahead with the latest insights on Hong Kong’s economy, finance, and investments. From market trends to policy updates, we bring you in-depth analysis and expert opinions.

📩 Subscribe to our newsletter for exclusive updates.
📍 Follow us on social media for real-time news.
📧 Contact us: info@hongkong-invest.com

Follow Us

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 by HKBusinesswire.com

No Result
View All Result

© 2025 by HKBusinesswire.com