Pakistan Proposes Iran-US Peace Plan
Analysis based on 39 articles · First reported Apr 06, 2026 · Last updated Apr 06, 2026
The proposed peace plan between Iran and the United States, if agreed upon, would significantly reduce geopolitical tensions in the Middle East. This could lead to a decrease in volatility in energy markets, particularly impacting global oil supplies due to the potential reopening of the Strait of Hormuz.
Pakistan has proposed a two-tier peace plan, tentatively named the 'Islamabad Accord,' to end hostilities between Iran and the United States. The plan, exchanged overnight, includes an immediate ceasefire and the reopening of the Strait of Hormuz, followed by a comprehensive agreement within 15-20 days. Key elements of the final agreement are expected to include Iranian commitments not to pursue nuclear weapons in exchange for sanctions relief and the release of frozen assets. Pakistan's army chief, Asim Munir, has been in continuous contact with US Vice President JD Vance, special envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araghchi. While the United States and Iran have received the plan, Iran has not yet committed to the temporary ceasefire, seeking a permanent ceasefire with guarantees against future attacks from the United States and Israel. The diplomatic push comes amid escalating hostilities and concerns over disruptions to global oil supplies through the Strait of Hormuz.
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