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(Bloomberg) — Oil held a four-day gain after US President Donald Trump made sweeping new demands on Iran, clouding the outlook for a deal to reopen the crucial Strait of Hormuz.

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Brent crude traded near $88 a barrel after advancing 5% in the previous session, while West Texas Intermediate was around $82. Trump demanded compensation from Iran for all the people they have killed in conflicts after Tehran reiterated requests for reparations as part of talks to wind down the conflict.

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Trump said in a social media post that he will put the new demands “firmly into any, and all, future negotiations.” The hardening stance makes it unlikely that Tehran and Washington will be able to agree to any immediate pact that could help end the war and reopen Hormuz.

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Iran and Oman have been negotiating a deal to reopen the waterway, although Tehran reiterated on Monday an accord would require the US to end its blockade and compensate for damages. About of a fifth of the world’s oil and liquefied natural gas was shipped through Hormuz to global markets prior to the war.

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“Given that the strait is still closed, global inventories have been reduced dramatically, and flows are nowhere near normal levels, we could see shorts cover aggressively,” said Bart Melek, global head of commodity strategy at TD Securities. “We continue to expect Brent to trade $10-15 above current levels.”

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Trump said on Monday that compensation for Iran “was never mentioned in any of our negotiations or meetings.” But a 14-point memorandum of understanding that Tehran and Washington agreed to in June detailed plans for the US and regional partners to develop a $300 billion fund for the “rehabilitation and economic development” of Iran after the war.

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The US president had signaled on Sunday that he was prepared to let economic pressure on Iran build, rather than launch fresh military strikes to force a reopening of Hormuz, where visible traffic remains at a trickle.

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About five vessels are transiting each day, far below the roughly 14 ships a day seen after the US and Iran reached a memorandum of understanding in June, Energy Aspects founder and director of market intelligence Amrita Sen said in an interview with Bloomberg Television on Monday.

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