Iran Holds Firm on Hormuz as Pakistan's Naqvi Visits Tehran

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- Iran holds firm on conditions for reopening the Strait of Hormuz, with a senior Iranian source saying the US must return to an interim deal and ruling out ceasefire extension talks.
- Pakistan's Naqvi visited Tehran, with Pakistan publicly characterizing the US and Iran as close to "a peace arrangement or a deal."
Why it matters: Pakistan is publicly positioning itself as the mediator, while Iran's conditions — return to the interim deal, no ceasefire extension — set the floor for any agreement and could stall the timeline Pakistan is now selling as near-term.
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