Iran announces now that it will not reopen the Strait of Hormuz until all of its conditions are met.

Parliament Speaker, Ghalibaf: "Our position is absolutely clear, rational, and non-negotiable."

Iran’s demands include ending the war, lifting all sanctions, and removing the U.S. naval blockade.

The strait carries 20% of global oil supplies, and it was reopened briefly during a ceasefire in April before collapsing again within days, according to Reuters.