Iran and the United States have received a plan for a cessation of hostilities from Pakistan that could come into effect in the coming hours and pave the way for the reopening of the Strait of Hormuz, a source familiar with the matter told Reuters.
Pakistan has prepared a framework to end the fighting and handed it over to the parties last night, the source said, noting that the proposal is based on a two-stage approach that begins with an immediate ceasefire, followed by a comprehensive agreement.
He added that the plan includes in its final stage Iran giving up nuclear weapons in exchange for the lifting of sanctions and the release of its frozen assets, pointing out that a ceasefire and the opening of the Strait of Hormuz will be the first step, with the final agreement to be completed within a period of 15 to 20 days.
"All elements of the agreement must be resolved today," the source said, explaining that the initial understanding will be drafted into a memorandum of understanding to be completed through Pakistan, which is the only channel of communication between the two sides in these talks.
He noted that Pakistan's army chief, Asim Munir, had separate contacts with US Vice President J.D. Vance, US envoy Steve Whitkoff, and Iranian Foreign Minister Abbas Araqchi.
A senior Iranian official said Tehran had received the Pakistani proposal and was working to review it, stressing that Iran "will not accept any deadlines or pressure." He added that Tehran would not reopen the Strait of Hormuz in exchange for a temporary ceasefire, considering that the United States is "not ready for a permanent ceasefire."
Earlier today, Axios reported that the United States and Iran, with the participation of regional mediators, are discussing the terms of a possible 45-day ceasefire, which could pave the way for a permanent agreement, as part of a recent effort to avoid a large-scale military escalation.