Iran and the United States have received a proposed framework aimed at ending ongoing hostilities, with an immediate ceasefire potentially taking effect as early as Monday and the reopening of the strategically vital Strait of Hormuz, reuters reported citing a source familiar with the discussions.
The proposal, reportedly prepared by Pakistan, outlines a two-phase approach that begins with an immediate ceasefire followed by negotiations toward a broader, long-term settlement. The source said the framework was shared with both sides overnight and requires agreement on all key elements within the day, reuters reported.
Under the proposal, the initial arrangement would be formalised as a memorandum of understanding, finalised electronically through Pakistan, which is currently acting as the sole communication channel between the two sides.
Possible ‘Islamabad Accord’
The plan envisions an immediate cessation of hostilities and the reopening of the Strait of Hormuz to maritime traffic. It also provides a 15–20 day window for negotiations on a comprehensive agreement that could bring a lasting end to the conflict.
The proposed deal—tentatively referred to as the “Islamabad Accord”—would establish a regional framework governing security and shipping through the strait, with final in-person negotiations expected to take place in Islamabad.
Earlier, Axios reported that mediators from the United States, Iran, and regional countries were discussing a potential 45-day ceasefire as part of a two-phase arrangement that could lead to a permanent settlement.
Diplomatic Contacts Intensify
According to the source, Pakistan’s army chief, Asim Munir, remained in contact throughout the night with senior officials including US Vice President JD Vance, US special envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araghchi to advance the proposal.
However, officials from both Tehran and Washington have yet to publicly comment on the reported framework. Pakistan’s foreign ministry spokesperson Tahir Andrabi declined to comment on the matter.
Conditions for a Final Agreement
Sources said the eventual agreement could include Iranian commitments not to pursue nuclear weapons in exchange for sanctions relief and the release of frozen Iranian assets.
Iranian officials have previously indicated that Tehran is seeking a permanent ceasefire accompanied by guarantees that it will not face future military attacks from the United States or Israel.
Despite increased diplomatic efforts, two Pakistani sources said Iran has not yet formally committed to the proposal. The sources added that Tehran has received messages through mediators including Turkiye and Egypt, while China has also been involved in supporting ceasefire discussions.
Concerns Over Global Oil Supply
The latest diplomatic push comes amid growing international concern over the stability of shipping routes through the Strait of Hormuz, a critical passage for global oil supplies.
US President Donald Trump has recently called for a swift end to the conflict, warning that failure to reach a ceasefire soon could lead to further escalation.
Ongoing hostilities have already caused volatility in global energy markets, with traders closely monitoring developments that could affect oil shipments through the strategic waterway.