Amid rising tensions between the US and Iran, diplomatic contacts continue and indirect negotiations are reportedly underway. Iranian officials told Reuters that contacts with the United States were being conducted through intermediaries, but did not provide details.
A notable development in this process was made by Shehbaz Sharif. Pakistan’s Prime Minister has asked US President Donald Trump to extend the deadline given to Iran by two weeks. Sharif also called on Iran to reopen the Strait of Hormuz for the same period of time as a “sign of goodwill.”
According to Axios, White House press secretary Caroline Leavitt said President Trump was aware of the proposal and expected Washington’s response soon. A senior Iranian official told Reuters that Tehran was “positive” about Pakistan’s two-week ceasefire offer.
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Despite reports of progress in negotiations over the past 24 hours, officials say a comprehensive deal is unlikely to be reached by President Trump’s deadline. It has also been reported that the debate within the White House has shifted from “Is an agreement possible?” “Is it possible by this evening?”
This crisis is underpinned by severe military threats. President Trump said bridges, power plants and oil infrastructure could be targeted if Iran does not open the Strait of Hormuz. President Trump attracted attention in a post on the social media platform Truth Social, saying, “The entire civilization could be destroyed tonight.”
However, the Iranian side warned that such a scenario would result in retaliation against the Gulf state’s energy and water infrastructure. One of the biggest hurdles in the negotiations is Iran’s demand for strong guarantees not to restart the war after the ceasefire, and the slow pace of the decision-making process due to security concerns.
*This is not investment advice.
