All about Pakistan’s Ceasefire deal to Iran “Islamabad Accord”

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Iran Says No to Temporary Hormuz Opening
People stand on a rooftop and look out over Tehran after strikes hit the city on February 28, 2026. AP

Pakistan Offers Two Phase Ceasefire Deal to Iran

Pakistan has proposed a two stage peace plan to halt the ongoing US Israel war on Iran and reopen the Strait of Hormuz. Both sides are now reviewing the framework, a source told Reuters.

Iran’s Foreign Ministry spokesman Esmaeil Baghaei confirmed Pakistan’s diplomatic role on Monday, saying Tehran is focused on its security as attacks continue from the US and Israel.

What the Deal Involves?

The proposal, tentatively called the “Islamabad Accord,” would trigger an immediate ceasefire and reopen the Strait of Hormuz. Both sides would then have 15 to 20 days to finalize a broader settlement.

Pakistan’s army chief Field Marshal Asim Munir spent the night in direct contact with US Vice President JD Vance, Special Envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araghchi, according to the source.

The source added that all key elements need to reach agreement today. Any initial understanding would be sealed electronically through Pakistan, which is currently the only active communication channel between the parties.

The final agreement is expected to include Iranian commitments to abandon nuclear weapons development in exchange for sanctions relief and the release of frozen Iranian assets, Axios first reported.

Iran Says No to Temporary Hormuz Opening

Tehran pushed back quickly. A senior Iranian official told Reuters on Monday that Iran will not reopen the Strait of Hormuz as part of a temporary ceasefire. The official added that Iran will not accept any deadlines and that Washington is not ready for a permanent ceasefire either.

Iran also rejected the US 15 point plan shared last month through Pakistan and other friendly nations. Baghaei called the plan “extremely ambitious, unusual, and illogical.” He stated Iran has its own framework and will share its demands only when the time is right.
“We will never bow to pressure,” Baghaei said.

Pakistan Navigating Deep Distrust

Al Jazeera correspondent Osama Bin Javaid described the situation as “frantic diplomacy.” Pakistani officials are speaking directly with Iran’s clergy, diplomats, and military commanders, but trust remains dangerously low on all sides.

“It is essentially a schoolboy brawl,” one official told Javaid. “It is egos they have to manage and a sea of distrust over which they have to build bridges.”

A key concern from Iran is security guarantees. Iran has already faced multiple US and Israeli strikes. Any agreement means little if their leaders remain targets.

Stakes Are High for Global Oil Supply

The Strait of Hormuz carries more than 20 percent of the world’s oil and gas. Iran currently holds a de facto blockade over the waterway, raising alarm across global energy markets.

On Monday alone, a top Tehran university and the South Pars Petrochemical Plant in Asaluyeh were bombed, killing at least 34 people.

US President Donald Trump, in a post on Sunday, threatened to bring “hell” to Tehran if Iran did not make a deal before Tuesday’s deadline to reopen the strait.

Since the war began on February 28, over 2,000 people have been killed in Iran, according to Iranian authorities. Israel has also invaded southern Lebanon and struck Beirut, where at least 1,461 people have been killed including 124 children. More than 1.2 million Lebanese people have been displaced.

The window for a deal is extremely narrow. Pakistan is pushing hard, but both Iran and the US carry major reservations. Iran wants guarantees, not just agreements on paper. The US has not yet formally responded to Pakistan’s plan.

Whether the Islamabad Accord becomes a real turning point or another failed attempt depends entirely on the next 24 hours.

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