Iran, U.S. presented with proposal to halt conflict and reopen Strait – reports

Iran and the United States have received a proposal outlining a path to end hostilities and reopen the Strait of Hormuz, according to multiple media reports citing informed sources, with the plan potentially taking effect as early as Monday.

As reported by AP, the initiative—drafted by Pakistan, Egypt, and Turkey—was shared with both sides overnight and follows a two-phase structure: an immediate ceasefire followed by a comprehensive agreement. A source told Reuters that all elements must be agreed the same day, with the initial arrangement expected to take the form of a memorandum of understanding finalized electronically via Pakistan, which has acted as the sole communication channel.

Pakistan’s army chief, Field Marshal Asim Munir, was reportedly in continuous contact overnight with U.S. Vice President JD Vance, special envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araqchi.

Axios earlier reported that U.S., Iranian, and regional officials were discussing a potential 45-day ceasefire as part of a broader two-stage deal that could ultimately end the conflict. Under the proposal—dubbed the “Islamabad Accord”—a ceasefire would take effect immediately, reopening the Strait, while 15 to 20 days would be used to finalize a wider settlement, with in-person talks planned in Islamabad.

The final agreement is expected to include Iran pledging not to pursue nuclear weapons in exchange for sanctions relief and the release of frozen assets. However, sources in Pakistan said Iran has yet to commit, despite intensified diplomatic efforts, and has not responded to proposals backed by Pakistan, China, and the United States.

Sources: Vahid Karaahmetovic