Pakistan-brokered 45-day ceasefire plan seeks to halt Iran–U.S. conflict and reopen Hormuz$BTC

BTC
BTC
69,294.58
+2.64%

Iran and the United States have received a proposal aimed at ending hostilities, with the plan potentially taking effect on Monday and leading to the reopening of the Strait of Hormuz, according to a source familiar with the matter.

The framework, reportedly developed by Pakistan, was exchanged overnight with both sides and outlines a two-stage approach: an immediate ceasefire followed by negotiations on a comprehensive settlement.

The source said that “all elements need to be agreed today,” adding that the initial understanding would be structured as a memorandum of understanding and finalized electronically through Pakistan, which is described as the sole communication channel in the ongoing talks.

The proposal was first reported by Axios, which said on Sunday that the United States, Iran, and regional mediators were discussing a possible 45-day ceasefire as part of a broader two-phase arrangement that could eventually lead to a permanent end to the conflict, citing American, Israeli, and regional sources.

According to the source, Pakistan’s Chief of Army Staff, Field Marshal Asim Munir, has maintained continuous contact throughout the night with senior U.S. officials, including Vice President JD Vance, special envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araghchi.