Iranian Parliament Speaker Mohammad Bagher Ghalibaf said the Strait of Hormuz will remain closed until the United States accepts seven conditions tied to an Islamabad memorandum of understanding. Iran says the terms include lifting the maritime blockade, returning frozen funds, granting exemptions for Iranian oil exports and halting fighting on all fronts. Foreign Minister Abbas Araghchi said the waterway could reopen within seven days if Washington accepts the conditions, while warning that Iran would take necessary defensive measures if the United States pursued a military solution. The new report says the memorandum was signed in July by US President Donald Trump and Iranian President Masoud Pezeshkian and brokered by Pakistan, while an earlier account described it as a June interim agreement.