March 23, Kathmandu – Pakistan has proposed a unique plan aimed at ending the intense conflict between Iran and the United States, dubbed the ‘Islamabad Agreement.’ According to Reuters, if successful, an immediate ceasefire could be implemented as soon as Monday, allowing the reopening of the critically important global trade route, the Strait of Hormuz. This draft was prepared by Pakistan’s Army Chief, Field Marshal Asim Munir, following talks on Sunday night with US Vice President JD Vance, Special Envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araghchi.
The proposed agreement specifies two phases. The first phase calls for an immediate ceasefire effective today alongside the reopening of the Strait of Hormuz. The second phase involves direct negotiations in Pakistan’s capital, Islamabad, within the next 15 to 20 days to finalize a long-term peace settlement. Under this comprehensive agreement, Iran would commit not to develop nuclear weapons, while the US would conditionally lift economic sanctions and release frozen Iranian assets.
Iranian officials emphasize their desire for a long-term ceasefire guaranteed to prevent future attacks from both the US and Israel. US President Donald Trump has exerted strong pressure in recent days to end the conflict, with Pakistan, China, and other regional mediators playing active roles in facilitating this process. Although neither Iran nor the United States has yet officially responded to the proposal, diplomatic sources indicate a high likelihood that a memorandum of understanding will be signed today. Given that this six-week conflict has seriously impacted global oil prices and security, this diplomatic effort has been accorded significant importance.
