• Pakistan has proposed a two-stage ceasefire plan to the U.S. and Iran.
• The plan may come into effect on Monday and includes reopening the vital Strait of Hormuz.
• Iran has stated it will not reopen the Strait as part of a temporary ceasefire.
• U.S. President Trump issued a deadline for a deal, threatening severe consequences if unmet.
• Diplomatic channels have seen heightened communication between U.S., Iran, and Pakistan officials.

Pakistan has introduced a two-stage ceasefire plan tailored to deescalate the U.S.-Iran conflict, involving an immediate ceasefire followed by a comprehensive agreement. This plan aims to allow the reopening of the critical Strait of Hormuz and was shared overnight with both the United States and Iran, according to reports from Reuters and India Times.

Under this proposal, a ceasefire would be enacted to reopen the Strait for 15 to 20 days while a broader settlement is negotiated. The deal, informally dubbed the "Islamabad Accord," seeks to finalize such terms during in-person talks in Islamabad, as per sources from Al Jazeera and South China Morning Post.

Despite the proposal, Iranian officials have firmly stated they will not reopen the Strait of Hormuz as part of any temporary ceasefire. This sentiment was echoed by Iranian Foreign Ministry spokesman Esmaeil Baghaei, who articulated skepticism toward U.S. readiness for a permanent ceasefire while reinforcing Iran's unwillingness to accept ultimatums, according to the reports by Middle East Eye and India Times.

U.S. President Donald Trump has threatened severe consequences should both parties fail to reach an agreement before a deadline he set. Reports indicate that Trump warned of catastrophic measures if Tehran does not reopen the bustling waterway crucial for global oil supply by the deadline, as previously outlined by Al Jazeera and South China Morning Post.