Trump claims total control of Hormuz, demands Iran pay reparations as standoff deepens - CNBC

Pakistan's defense minister Khawaja Asif said Tuesday that the U.S. and Iran are "close to some sort of an arrangement" over the Strait of Hormuz, describing signals from the previous two to three days as favoring a peace deal.
The optimistic remarks followed a Qatari Foreign Ministry spokesperson telling Al Jazeera that talks between Iran and Oman on opening a shipping channel through the strait were at a "critical juncture."
Despite the diplomatic hints, both sides appeared to harden their positions, with Washington and Tehran trading demands for war reparations.
President Donald Trump said he is "likewise demanding compensation from Iran" in response to Tehran's renewed reparation demand, and used a Truth Social post to also call for payments to families of Iranian protesters killed "over the last 50 years."
Speaking in the Oval Office on Monday, Trump insisted that "the only one that has control of the Strait of Hormuz right now is the United States Navy," praising the ongoing U.S. blockade of Iranian ports, and said Iran should pay for damages over the past half-century.
U.S. forces reportedly fired on a Panama-flagged vessel that attempted to bypass the blockade, and when pressed on the next American move against Iran, Trump replied only, "You'll find out."