Donald Trump counters Iran's war reparations demands, spurring oil price surge and bond yield climb

On August 11, 2026, US President Donald Trump issued a counterclaim to Iran's demand for war reparations, framing it as a broader dispute over US military actions in the region. The statement came amid ongoing diplomatic deadlock over the reopening of the Strait of Hormuz, a critical oil transit route. Tehran had previously called for reparations for damages caused by US drone strikes in 2023. The escalation followed a tense exchange of accusations between Washington and Tehran, with both sides refusing to compromise on key issues.