Iran is demanding: 1) reparations for attacks on it, 2) the lifting of all sanctions, 3) the closure of all US military bases in the Persian Gulf as conditions to end the war with the US and Israel, 4) Iran wants guarantees that the war won’t start up again, 5) a halt to Israel’s strikes on Iran’s Lebanese proxy Hezbollah. 6) Iran’s demands also reportedly include a new arrangement in the Gulf that will let the Islamic Republic collect tolls from ships that traverse the strategic Strait of Hormuz, through which a fifth of the world’s oil usually travels. Meanwhile,...