Iranian Parliament Speaker Mohammad Bagher Ghalibaf said the Strait of Hormuz will remain closed until the United States accepts seven Iranian conditions tied to a Pakistan-brokered memorandum of understanding. Foreign Minister Abbas Araghchi said the waterway could reopen within seven days after Washington accepts the terms, which include lifting the maritime blockade, returning frozen funds, granting exemptions for Iranian oil exports and halting fighting on all fronts. The latest US proposal was described as nearly unchanged and still focused on Iran’s nuclear program, while Iran’s leadership has not discussed allowing International Atomic Energy Agency inspectors to return. The reports differ on the agreement’s timing and status: the newer account says US President Donald Trump and Iranian President Masoud Pezeshkian signed the memorandum in July, while an earlier account called it a June interim or framework agreement.