Bloomberg Surveillance · Tuesday, August 11, 2026
President Trump has stated that Iran is demanding reparations for past attacks as part of any future negotiations. General Karen Gibson explains that Iran insists the Strait of Hormuz will not open until the US makes major concessions, some of which, like removing US military forces or paying reparations, are unacceptable to the US.
“They asked for reparations, you might say, or they asked for money for the damage that we've done. And I said, that's a good idea. Well, we're going to ask for money for the damage they've done over a fifty year period. If there's damages to be paid, I think Auran should pay those damages.”
“And then the second tack is the more important one, frankly, the one between the US and Iran, which is not about how it will be administered but when it will open, with Iran insisting that the strait will not actually open until the United States makes some major concessions. And as we've just heard from Taylor and has been widely reported, these are concessions that are simply not acceptable to the United States, some of them like you know, removing US military forces from the region or reparations, and then others. It's just unwise to agree to the entirety of this package when really many elements of it, particularly some of those economic aspects, are leverage that the United States will also need in follow on negotiations that we hope will occur to look at Araanian nuclear curves.”