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Tehran insists on compensation and the lifting of sanctions, among other concessions from the U.S., as a condition for reopening the strait.
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Iran's military stressed that the crucial waterway would only be reopened when the U.S. accepts Iran's conditions.
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While the Middle East waits to hear whether a deal can be reached to reopen the Strait of Hormuz, the Yemeni government's conflict with Iran-backed Houthi rebels escalated overnight.
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