Strait of Hormuz reopening deal nears, US-Iran ceasefire hopes rise
The situation is fluid, with reports indicating Iran has signaled a partial easing of restrictions in the Strait of Hormuz, allowing Iraqi oil shipments to pass through
New Delhi (The Uttam Hindu): Amid ongoing tensions in the Middle East, reports of diplomatic relief are emerging. Reuters, citing sources, claims that a framework for a potential ceasefire between Iran and the United States has been developed, which could be implemented soon. This proposal also includes the possibility of reopening the Strait of Hormuz.
Pakistan creates backchannel, prepares framework
According to sources, Pakistan has developed a "two-layered approach" to de-escalate tensions between the two countries. This plan includes an immediate ceasefire followed by a comprehensive agreement. It is reported that this draft has been shared electronically and may now be formalized as a Memorandum of Understanding (MoU).
Discussions on a 45-day ceasefire
Earlier, an Axios report mentioned talks on a possible 45-day ceasefire. It is believed that this temporary ceasefire could be an important step towards a permanent peace agreement in the future. According to the report, Pakistan Army Chief Asim Munir maintained regular contact with US Vice President JD Vance, Special Envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araqchi. Under the proposal, there is a plan to immediately implement a ceasefire, open the Strait of Hormuz, and finalize a major agreement within 15-20 days. This possible agreement has been tentatively named the “Islamabad Accord.”
Iran's Conditions
According to sources, Iran has previously made it clear that it will only agree to a permanent ceasefire if it receives guarantees that Israel and the United States will not attack it in the future. Furthermore, issues such as sanctions relief and the release of frozen assets are also part of the negotiations. However, no formal response has yet been received from Iran on this proposal. Official confirmation from the United States and other countries is also awaited.
This diplomatic initiative comes at a time when global markets are concerned about the potential disruption of oil supplies through the Strait of Hormuz. If successful, this agreement would not only reduce regional tensions but could also provide significant relief to the global energy market .