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Mediators propose 10-day ceasefire between US and Iran

Mediators propose

WASHINGTON: Qatar, Egypt, Pakistan and several other regional mediators have proposed a 10-day ceasefire between the United States and Iran in an effort to ease escalating tensions and reopen the Strait of Hormuz, according to a report by Axios.

The report said President Donald Trump has reached a critical juncture in the conflict, with U.S. and Israeli officials believing only two viable options remain: pursuing a new 10-day ceasefire initiative aimed at restoring maritime traffic through the Strait of Hormuz, or launching a major joint military campaign with Israel to pressure Iran into surrendering.

Trump has not made a final decision, Axios reported, citing U.S. officials who said the coming days will determine which path is taken as the prolonged conflict becomes increasingly difficult to sustain.

Two regional sources familiar with the mediation efforts told Axios that Qatar, Egypt, Pakistan and other intermediaries presented the ceasefire proposal to both Washington and Tehran.

US officials said the Trump administration is reviewing the proposal, although neither the United States nor Iran has accepted it. Both sides are reportedly seeking to strengthen their negotiating positions through continued military strikes before considering a ceasefire.

Axios also reported that despite 10 consecutive days of bombing, Iran’s influence over the Strait of Hormuz has not been eliminated, while rising gasoline prices in the United States are fueling growing domestic opposition to the conflict.

According to a regional source, ceasefire efforts were making progress on Saturday before an Iranian missile strike in Jordan killed two U.S. service members, prompting Washington to harden its stance. A senior US official confirmed that diplomatic contacts remain ongoing but said Trump has not yet completed the planned response against Iran, adding that retaliatory operations would continue until the president decides otherwise.

A regional source told Axios that mediators are seeking a durable solution, stressing that while Iran cannot dictate the terms of any agreement, it also cannot be excluded from the process.

US-Iran ceasefire nears deadline as Islamabad set to host crucial round of talks

US-Iran ceasefire

Islamabad: The fragile ceasefire between the United States and Iran is nearing its expiration, with just one day remaining before the deadline, while a second round of high-stakes negotiations is likely to begin in Islamabad.

The current truce is set to expire at midnight on April 21, placing urgency on both sides to reach a decision on its extension. Officials indicate that the future of the ceasefire will be determined during upcoming talks between the two countries.

Sources suggest that the second round of negotiations is expected to commence in Islamabad, with a U.S. delegation scheduled to arrive later today. U.S. President Donald Trump has confirmed that his negotiating team is heading to Pakistan for the discussions.

The talks aim to de-escalate tensions and potentially transform the temporary ceasefire into a long-term peace agreement.

The first round of negotiations, previously held in Islamabad, ended without a final deal but both sides agreed to continue diplomatic engagement.

Meanwhile, stringent security arrangements have been put in place in the federal capital. Movement in the Red Zone has been restricted, and additional personnel have been deployed at sensitive locations, signaling the significance of the anticipated .

Diplomatic efforts by Pakistan continue to intensify, with Prime Minister Shehbaz Sharif recently holding a telephone conversation with Iranian President Masoud Pezeshkian.

Deputy Prime Minister Ishaq Dar has also engaged with counterparts from multiple countries, including Saudi Arabia, Egypt, and Türkiye, to facilitate dialogue.

While some concerns have been raised by Iran over recent developments, officials remain hopeful that Pakistan’s diplomatic initiatives will help bring both sides closer to a lasting resolution.

PSX surges over 12,000 points on US-Iran ceasefire

PSX surges

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a dramatic surge in trading today following the announcement of a two-week ceasefire in the Middle East, brokered by Pakistan.

After U.S. President Donald Trump announced the halt of military action against Iran, PSX saw a strong upward trend, reflecting investor confidence.

On the third day of the trading week, the PSX 100 Index jumped by over 12,000 points at market open.

Trading was temporarily paused due to the surge and resumed at 10:42 AM. Currently, the PSX 100 Index stands at 164,000 points after a gain of 12,362 points.

Global markets also reacted positively: Japan’s Nikkei index rose 5% to 55,960 points, New Zealand’s DJ index increased 2.5%, and Australia’s ASX climbed 2.65%.

The rally follows Pakistan’s successful mediation, after which Iran agreed to a two-week ceasefire and permitted the passage of ships through the Strait of Hormuz, signaling a temporary easing of regional tensions.