Iran slams the door shut on shipping in the Strait of Hormuz, dropping a list of demands that include lifting sanctions, pulling out U.S. troops, and paying war reparations — all unlikely to be met by Washington. In retaliation, Trump fires back with his own bill: compensation for Iranian-backed deaths, from roadside bombs to Soleimani-linked conflicts and protester killings. The standoff revolves around control of a vital global oil chokepoint, as U.S. reserves hit their lowest since 1983. With Vice President Vance hinting at maximizing output and Trump calling it a “chess game,” the world watches as both sides stall — no easy moves, no quick fixes.

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