Tehran Maintains Conditions on Hormuz
Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that Tehran will not open the Strait of Hormuz until the seven Iranian conditions outlined in the memorandum of understanding signed last June are met, despite the United States proposing new suggestions through mediators. Iran had proposed a plan to cease hostilities for seven days, which included releasing frozen assets, lifting sanctions, and lifting the maritime blockade, in order to reopen the strait through which approximately one-fifth of global oil production passes. However, U.S. President Donald Trump rejected the plan, leading to an escalation in negotiations and increased pressure between the two sides.
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