Morning, Larry, Bull, & All. I heard this on the news last night and wanted to see it in writing before I posted it. The sentence is the penultimate one at the bottom of the link. The news report added that China's reason was blocking the strait was killing their economy. Bet the last thing the People's Republic wants is the U.S. to take over Iran's oil.
From the same link:
Iran wants two major concessions from the United States as part of its 10-point plan, including the removal of sanctions dating back to the George W. Bush administration and greater control over the Strait of Hormuz.
Tehran is also seeking guarantees that the US and Israel won’t attack again, along with the ability to charge tolls on cargo ships passing through the strait, a critical route for global oil shipments.
Nour News, an Iranian outlet linked to the country’s security council, listed additional demands unlikely to be accepted — including continued uranium enrichment, war reparations and the withdrawal of US troops from the region.
Trump has said repeatedly that his top goal is to prevent Iran from ever obtaining a nuclear weapon.