Iran, US receive plan to end hostilities, immediate ceasefire, source says

The source tells Reuters that Pakistan’s army chief, Field Marshal Asim Munir, has been in contact “all night long” with US Vice President JD Vance, special envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi.

Iran and the United States have received a plan to end hostilities that could take effect today and reopen the Strait of Hormuz, a source familiar with the proposals tells Reuters.

A framework to end hostilities has been put together by Pakistan and exchanged with Iran and the US overnight, the source says, outlining a two-tier approach with an immediate ceasefire followed by a comprehensive agreement.

“All elements need to be agreed today,” the source says, adding that the initial understanding would be structured as a memorandum of understanding finalised electronically through Pakistan, the sole communication channel in the talks.

Axios first reported yesterday that the United States, Iran and regional mediators were discussing a potential 45-day ceasefire as part of a two-phase deal that could lead to a permanent end to the war, citing US, Israeli and regional sources.

The source tells Reuters that Pakistan’s army chief, Field Marshal Asim Munir, has been in contact “all night long” with US Vice President JD Vance, special envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi.

Under the proposal, a ceasefire would take effect immediately, reopening the Strait of Hormuz, with 15-20 days to finalize a broader settlement. The deal, tentatively dubbed the “Islamabad Accord,” would include a regional framework for the Strait, with final in-person talks in Islamabad.

There is no immediate response from the US and Iranian officials. Pakistan’s foreign office spokesperson Tahir Andrabi declines to comment.

The final agreement is expected to include Iranian commitments not to pursue nuclear weapons in exchange for sanctions relief and the release of frozen assets, the source says.

Two Pakistani sources say Iran has yet to commit despite intensified civilian and military outreach.