Iran and the United States have been presented with a diplomatic plan designed to halt current hostilities and reopen the strategic Strait of Hormuz on Monday, a source familiar with the initiative told Reuters.
The outline, drafted under Pakistan’s mediation, envisages a two‑stage process beginning with an immediate ceasefire followed by negotiations toward a broader settlement, the source said. The proposal was exchanged with both Tehran and Washington overnight.
“All elements need to be agreed today,” the source said, adding that the initial understanding would be formalized through a memorandum of understanding exchanged electronically via Pakistan, which is serving as the key communication channel in the talks.
A separate report by Axios on Sunday said the United States, Iran and regional interlocutors have discussed a possible 45‑day ceasefire within a two‑phase deal that could lead to a permanent end to the war.
The Pakistani source said the country's Army Chief, Field Marshal Syed Asim Munir, has been in contact "all night long" with U.S. Vice President JD Vance, U.S. envoy Steve Witkoff and Iran’s Foreign Minister Abbas Araghchi to advance the draft plan.
Under the proposal - tentatively called the “Islamabad Accord” - hostilities would cease immediately and the Strait of Hormuz would be reopened, while negotiators would have 15-20 days to finalize a comprehensive peace agreement. The pact includes provisions for a regional framework governing the strait, with in‑person talks planned in Islamabad.
There was no immediate comment from U.S. or Iranian officials and Pakistan’s foreign office spokesperson declined to speak about the talks.
Iranian officials have previously told Reuters that Tehran wants a permanent ceasefire backed by assurances it will not face further attacks by the United States or Israel. They have said Iran has received messages through mediators that include Pakistan, Turkey and Egypt.
The source said a final agreement is expected to entail Iranian commitments not to pursue nuclear weapons in exchange for sanctions relief and release of frozen assets.
However, two Pakistani sources said Tehran has not formally agreed to the proposal despite intensified diplomatic outreach. “Iran has not responded yet,” one source said, adding that temporary ceasefire proposals supported by Pakistan, China and the United States have not yet drawn a commitment. There was no immediate response from Chinese officials to requests for comment.
The renewed push for a deal comes amid rising tensions that have threatened to disrupt shipping through the Strait of Hormuz, a vital corridor for global oil exports. U.S. President Donald Trump has repeatedly called for a swift end to the conflict in recent days, warning of consequences if a ceasefire is not secured within a short timeframe.
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