Iran said it will keep the Strait of Hormuz closed until the United States accepts its conditions, extending a confrontation that has sharply curtailed shipping through one of the world's most important energy chokepoints. The latest Iranian position adds to earlier demands that Washington lift sanctions, withdraw militarily from the region, pay war reparations and meet requirements tied to a June framework agreement referenced by Iranian officials, while official peace talks remain deadlocked. Shipping through the waterway has fallen further. Kpler data showed that only two vessels passed through the Strait of Hormuz on Aug. 14 and no ships carrying crude oil were confirmed to have transited the route that day. That follows earlier disruption from what has become a dual blockade: Iran has shut down or tightly restricted commercial traffic through the strait, while the United States reinstated a naval blockade on Iranian ports on July 14, 2026, prompting rerouting and higher insurance costs. President Donald Trump said the United States would have to tolerate higher gasoline prices resulting from the standoff with Iran. U.S. gasoline prices are currently 29% higher than a year earlier. The Strait of Hormuz, about 21 miles wide at its narrowest point, normally carries roughly one-fifth of global oil supply and is also a key route for Qatari LNG exports, making the impasse critical for oil, gas and shipping markets.