Iran and the United States have received a proposal aimed at ending ongoing hostilities, with the plan potentially coming into effect on Monday and allowing the reopening of the Strait of Hormuz, according to a source familiar with the negotiations.
According to Reuters, Pakistan’s Army Chief, Field Marshal Asim Munir, remained in continuous contact overnight with U.S. Vice President JD Vance, special envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araqchi to advance negotiations.
The framework, reportedly prepared by Pakistan, was shared overnight with both Tehran and Washington. It outlines a two-phase approach beginning with an immediate ceasefire, followed by negotiations toward a comprehensive and lasting agreement.
Pakistan’s proposed two-phase deal
📍Phase I
▫️ Immediate ceasefire
▫️Strait of Hormuz reopened
📍Phase II
▫️ Effective in 15-20 days
▫️ Comprehensive peace deal
▫️Total end of the Iran-US war
📌 Final deal may include:
▫️Iran gives up Nuclear Program
▫️All sanctions on Iran lifted
▫️Release of Iran’s frozen assets
▫️ Iran allowed to sell oil anywhere
▫️ Broad Framework for Hormuz
Earlier reports indicated that the United States, Iran, and regional mediators were considering a 45-day ceasefire as part of a broader two-stage arrangement that could pave the way for a permanent settlement.
Under the proposed plan, a ceasefire would take effect immediately, enabling the reopening of the Strait of Hormuz, while negotiators would have 15 to 20 days to finalise a broader political settlement. The tentative agreement, informally referred to as the “Islamabad Accord,” would also establish a regional framework governing the strategic waterway, with final face-to-face talks expected to take place in Islamabad.
Iranian authorities have previously stated they are seeking a permanent ceasefire backed by guarantees against future attacks by the United States and Israel. Tehran has reportedly received diplomatic messages through mediators, including Pakistan, Turkey, and Egypt.
Sources indicated that a final agreement could involve Iranian assurances regarding its nuclear program in exchange for sanctions relief and the release of frozen assets.
However, Pakistani officials said Iran has not yet formally committed to the proposals despite intensified diplomatic engagement involving both civilian and military channels. One source noted that ceasefire proposals supported by Pakistan, China, and the United States have so far received no official confirmation from Tehran.
The renewed diplomatic efforts come amid escalating tensions that have raised global concerns about disruptions to shipping through the Strait of Hormuz, a vital route for international oil supplies.
US President Donald Trump has recently called for a swift resolution to the conflict, warning of potential consequences if a ceasefire is not achieved soon.
The ongoing conflict has already increased volatility in global energy markets, with investors closely monitoring developments that could impact oil transportation through the strategic strait.
Also read: ‘Deeply grateful to Pakistan and have never refused to visit Pakistan’: Iranian Foreign Minister
