Fresh diplomatic efforts are underway as US-Iran mediation continues, but major disagreements remain over the future of the Strait of Hormuz. While President Donald Trump’s administration insists the vital global shipping route must remain free of tolls, permits or restrictions, voices in Iran are demanding war compensation through a proposed transit fee mechanism. Tehran also maintains that any lasting solution depends on Washington meeting its conditions. As regional partners intensify mediation, the future of one of the world’s most strategic oil chokepoints remains uncertain.