A significant ceasefire proposal is set to be initiated today, involving the reopening of the Strait of Hormuz, as per reports. Iran and the US have been presented with a plan called the “Islamabad Accord” by Pakistan, with potential approval expected today. The proposal consists of a two-stage approach, including a 45-day ceasefire and the reopening of the vital Strait of Hormuz, according to sources.
Pakistan’s army chief, Field Marshal Asim Munir, has reportedly engaged with US Vice President JD Vance, special envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araghchi. The proposed plan includes face-to-face discussions in Islamabad, with a timeframe of 15 to 20 days allocated for crafting a broader resolution.
Reports of progress from mediators coincided with a surge in oil prices on Monday, with West Texas Intermediate rising over $112 per barrel, and Brent crude surpassing $110.
On Sunday, American outlet Axios revealed discussions between the US, Iran, and regional mediators regarding a 45-day ceasefire as part of a comprehensive strategy to end the conflict.
However, a report from the Tasnim News Agency on Monday, affiliated with the Islamic Revolutionary Guard Corps (IRGC), dismissed the idea of a temporary truce. The report argued that Iran rejects short-term ceasefires as they may leave room for future attacks, allowing the US and Israel to regroup and pose continued threats.
The report emphasized Iran’s stance on ending the war only with solid assurances against future US and Israeli strikes. It underscored that any resolution concerning the Strait of Hormuz must reflect a new order, ensuring it does not return to pre-war conditions.
Recent statements from Donald Trump threatening Iran’s infrastructure if the Strait is not opened by a specified deadline have added tension to the situation. Trump’s deadline, initially set for April 6, has been extended, with previous ultimatums also being postponed.
In the midst of these developments, Iran has targeted infrastructure in neighboring Gulf nations and issued warnings about potential restrictions on another crucial waterway, the Bab el-Mandeb Strait near the Arabian Peninsula.
