Amid heightened diplomatic efforts to maintain a fragile ceasefire, US President Donald Trump has shared a draft peace proposal concerning the Iran conflict with key allies, including Israel. The proposal seeks to reopen the Strait of Hormuz for unrestricted commercial shipping, lift the US blockade on Iranian ports, and allow Iran access to billions in frozen assets. Central to the framework is a 60-day negotiation period focused on Iran’s nuclear program.
The draft outlines a gradual normalization of maritime traffic through the Strait of Hormuz within 30 days. It also sets the stage for negotiations on Iran’s stockpile of highly enriched uranium, future enrichment activities, and increased monitoring by the International Atomic Energy Agency. As part of the agreement, Iran would pledge not to pursue nuclear weapons. US Vice President JD Vance expressed optimism about reaching an agreement, although he acknowledged ongoing disputes over uranium enrichment and managing existing nuclear materials.
Pakistan has played a significant role in mediating indirect talks between Washington and Tehran, with its Foreign Minister Ishaq Dar scheduled to meet US Secretary of State Marco Rubio in Washington. Despite these diplomatic efforts, tensions in the Gulf remain high, underscored by recent military incidents involving US and Iranian forces that threaten the ceasefire’s stability.
Reactions to the proposed agreement have been mixed among regional stakeholders. Israel, in particular, has voiced concerns that the framework delays crucial decisions on Iran’s nuclear program, while debates continue about sanctions relief and maritime security. The Strait of Hormuz remains a focal point in these discussions; Iranian authorities assert their management role over the waterway, while the US demands unrestricted navigation and opposes any toll system for commercial vessels.
Developments in the negotiations are being closely watched by oil markets, given the strategic importance of the Strait for global energy supplies. Analysts highlight the next few weeks as critical to determining whether the ceasefire can evolve into a broader diplomatic agreement capable of easing regional tensions and stabilizing international energy markets.