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Iran has demanded payment in exchange for letting ships pass through the Strait of Hormuz in a new set of conditions for "lasting peace" with the US. Tehran officials have rejected any ceasefire with Washington that is only temporary. Instead, they have outlined a set of demands for a permanent peace after more than five weeks of war. Such demands include guarantees that attacks will not be repeated, compensation for damage, as well as fees for ships sailing through the Strait, a top Iranian official declared. The blockade of the key maritime passage has caused considerable consternation worldwide, sending fuel prices soaring while countries struggle to retrieve oil through the waterway. TRENDING Stories Videos Your Say Such a fee would depend according to ship type, its cargo and "prevailing conditions" under the new permanent deal, the official explained. Iran's latest demand for a "lasting peace" has echoed its plea yesterday, when President Donald Trump warned the US could wipe out the Islamic Republic in just hours. During a press conference, the Commander-in-Chief handed Tehran an extraordinary deadline of Tuesday night to end the ever-spiralling conflict in the Middle East. The startling demand followed Mr Trump's expletive-laden Truth Social post on Sunday, demanding the Iranians "open the f**kin Strait". At a press conference one day later, Mr Trump said: "Iran can be taken out in one night, might be tomorrow [Tuesday] night." Tehran's second plea for the "lasting peace" came the same day Israel targeted Kharg Island, a land mass off the coast of Iran, home to a crucial oil export hub. American officials have since confirmed the assault was carried out on the "Forbidden Island". The island was awarded such a nickname due to the island being guarded by the Islamic Revolutionary Guard Corps (IRGC) and having highly restricted access. LATEST ON THE IRAN WAR: Iran war fallout 'worse than all previous energy crises combined' as warning issued over impact Iran's new Supreme Leader 'unconscious and unable to be involved in decision-making' Keir Starmer to BAN Donald Trump using British bases for strikes on Iran's bridges Previously, the paramilitary warned the US if Washington crossed "red lines", Tehran would respond "beyond the region" in an eerie warning. "Restraint is over," a statement read. However, the organisation's warning has been countered by a chilling warning from Mr Trump, who vowed to destroy Iran's "whole civilisation" in just hours . In an extraordinary Truth Social post, he declared "extortion, corruption and death will end" if Tehran fails to strike a deal with the US. The President has doubled down on his previous demand for Tehran to reopen the Strait of Hormuz by 8pm tonight, with its blockade sending oil prices soaring worldwide. Previously, the Commander-in-Chief handed Iran the ever-approaching deadline to clear the key maritime passage or face the destruction of key energy infrastructure, including power plants and bridges. This afternoon, Mr Trump instructed the nation to ready itself for "one of the most important moments in the history of the world". "A whole civilisation will die tonight, never to be brought back again," he added. Our Standards: The GB News Editorial Charter
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