Iran Offers to Open Strait of Hormuz in Exchange for US Compensation

Iranian authorities, as reported by TASS and Al Arabiya, have proposed to open the Strait of Hormuz in exchange for compensation from the United States. The offer was made on May 23, 2026. The proposal also included a request to discuss the issue of sanctions and frozen assets before signing any agreement. Tehran emphasized that the opening of the strait would be conditional on US compensation. Washington has not yet commented on the proposal, though sources suggest the offer is part of broader diplomatic efforts to de-escalate tensions.