In a bid to sustain the tenuous ceasefire and foster a comprehensive resolution to the ongoing Iran conflict, US President Donald Trump has circulated a new peace proposal among key allies, including Israel. The draft plan aims to reopen the Strait of Hormuz to unrestricted commercial shipping, lift the US blockade on Iranian ports, and unlock billions in frozen Iranian assets. It sets a 60-day negotiation window to focus on the future of Iran’s nuclear program, including its enrichment activities and cooperation with the International Atomic Energy Agency (IAEA).
The proposal outlines a phased return to normal maritime traffic through the Strait of Hormuz within a month, while negotiations would tackle Iran’s highly enriched uranium stockpile and ensure it does not pursue nuclear weapons. US Vice President JD Vance expressed optimism about the proximity of an agreement but noted that significant issues, particularly around uranium enrichment and existing nuclear materials, remain unresolved.
As diplomatic efforts gain momentum, Pakistan has emerged as a critical mediator in the indirect talks between Washington and Tehran. Pakistan’s Foreign Minister Ishaq Dar is preparing to meet with US Secretary of State Marco Rubio in Washington to further these discussions. However, despite these diplomatic endeavors, tensions persist in the Gulf region, highlighted by recent military incidents between US and Iranian forces, underscoring the ceasefire’s fragility and the potential for renewed hostilities.
Reactions to the proposed agreement are mixed among regional stakeholders. Israel has voiced concerns that the plan defers significant decisions regarding Iran’s nuclear ambitions. Meanwhile, negotiations continue over sanctions relief and maritime security arrangements. The control and management of the Strait of Hormuz, a crucial passage for global energy supplies, remain a contentious issue. Iranian authorities maintain their role in overseeing shipping through the strait, while the US insists on unrestricted passage and opposes any potential toll system for commercial vessels.
As the situation develops, the oil markets are closely watching the negotiations due to the strategic importance of the Strait of Hormuz. Analysts emphasize that the coming weeks will be decisive in determining whether the current ceasefire can evolve into a more durable diplomatic agreement, capable of reducing regional tensions and stabilizing international energy markets.
