{"id":66248,"date":"2026-08-10T04:08:14","date_gmt":"2026-08-10T08:08:14","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/iran-conditions-strait-of-hormuz-reopening-on-us-compensation-snb-deposits-fall\/66248\/"},"modified":"2026-08-10T04:08:14","modified_gmt":"2026-08-10T08:08:14","slug":"iran-conditions-strait-of-hormuz-reopening-on-us-compensation-snb-deposits-fall","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/iran-conditions-strait-of-hormuz-reopening-on-us-compensation-snb-deposits-fall\/66248\/","title":{"rendered":"Iran Conditions Strait of Hormuz Reopening on US Compensation; SNB Deposits Fall"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Iran demands US compensation and an end to the naval blockade<\/strong> as non-negotiable conditions for reopening the <strong>Strait of Hormuz<\/strong>, despite nearing a technical shipping deal with <strong>Oman<\/strong>.<\/li>\n<li><strong>Switzerland&#39;s total sight deposits fell to CHF 462.4B<\/strong> for the week ending August 7, down from <strong>CHF 465.2B<\/strong>, signaling potential shifts in Swiss National Bank (<a href=\"\/stock\/SNB\">SNB<\/a>) liquidity management.<\/li>\n<li><strong>Tehran denies direct negotiations with the US<\/strong>, confirming that all diplomatic exchanges regarding the maritime crisis are currently conducted through <strong>mediators in Oman and Pakistan<\/strong>.<\/li>\n<li><strong>The &quot;Mecca Joint Defence Agreement&quot;<\/strong> between Saudi Arabia, Turkey, and Pakistan has drawn a sharp response from Iran, with officials stating security cannot be &quot;purchased from lying brokers.&quot;<\/li>\n<li><strong>Oil markets remain volatile<\/strong> as the effective blockade of the world\u2019s most vital energy chokepoint continues, with Iran currently &quot;not pursuing&quot; transit tolls but keeping the option under debate.<\/li>\n<\/ul>\n<h2>Iran Ties Hormuz Reopening to US &quot;Behavior Correction&quot;<\/h2>\n<p>Iranian Foreign Ministry spokesperson <strong>Esmaeil Baghaei<\/strong> and Foreign Minister <strong>Abbas Araghchi<\/strong> have clarified that while a technical agreement with <strong>Oman<\/strong> regarding maritime service fees and shipping lanes is in its &quot;final stages,&quot; it does not equate to the reopening of the <strong>Strait of Hormuz<\/strong>. Tehran insists that the waterway will remain restricted until the <strong>United States<\/strong> ends its &quot;illegal, destructive actions,&quot; lifts the current naval blockade, and provides compensation for damages.<\/p>\n<p>The Iranian government reiterated that it is not engaged in direct talks with the <strong>Trump administration<\/strong>. Instead, messages are being exchanged via intermediaries, focusing primarily on the technicalities of the <strong>Hormuz talks with Oman<\/strong>. While some reports suggested Iran might impose heavy tolls on transit, the Foreign Ministry stated that at this stage, they are &quot;not pursuing&quot; the issue of tolls, though internal debates on the matter remain ongoing.<\/p>\n<h2>Regional Alliances and Diplomatic Outreach<\/h2>\n<p>In response to the recently signed <strong>Mecca Joint Defence Agreement<\/strong>\u2014a trilateral pact between <strong>Saudi Arabia<\/strong>, <strong>Turkey<\/strong>, and <strong>Pakistan<\/strong>\u2014Iran&#39;s <strong>Baghaei<\/strong> remarked that regional states have realized security is not a &quot;commodity that can be purchased.&quot; Tehran maintains that any security plan must correctly identify threats to be effective, specifically pointing to instability caused by <strong>Israel<\/strong>.<\/p>\n<p>On the diplomatic front, <strong>Pakistan<\/strong> has invited <strong>Araghchi<\/strong> and Parliament Speaker <strong>Mohammad Bagher Ghalibaf<\/strong> to visit Islamabad. The visit, expected to take place at an &quot;appropriate time,&quot; aims to bolster Pakistan&#39;s role as a mediator. This comes as <strong>US President Donald Trump<\/strong> indicated that Washington is &quot;low-keying&quot; negotiations while monitoring Iran&#39;s internal economic pressures.<\/p>\n<h2>Swiss National Bank Sight Deposits Decline<\/h2>\n<p>Data released on August 10 shows that <strong>Switzerland&#39;s Total Sight Deposits<\/strong> decreased by <strong>CHF 2.8 billion<\/strong> to <strong>CHF 462.4B<\/strong> for the week ending August 7. <strong>Domestic Sight Deposits<\/strong> also saw a contraction, falling to <strong>CHF 432.6B<\/strong> from the previous <strong>CHF 435.3B<\/strong>.<\/p>\n<p>These figures are closely watched by traders of the <strong>Swiss Franc<\/strong> as an indicator of the <strong>Swiss National Bank&#39;s<\/strong> intervention in foreign exchange markets. The decline suggests a reduction in liquidity within the Swiss banking system, potentially reflecting the <strong>SNB&#39;s<\/strong> recent adjustments to its remuneration threshold factors for sight deposits, which became effective on August 1, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Iran demands US compensation and an end to the naval blockade as non-negotiable conditions for reopening the Strait 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