Iran plans to issue terms for reopening the Strait of Hormuz, a vital waterway for global oil exports, as mediators seek to revive talks.[502150][489952] Tehran is preparing to draft conditions to open the strait, following requests from mediators and amid efforts to revive stalled negotiations.[502150][489952] The Strait of Hormuz has been a source of tension between Iran and the West since the 1979 Islamic Revolution.[489952]