A reported draft agreement between the US and Iran aimed at ending the current regional conflict would include a 60-day ceasefire, the reopening of the Strait of Hormuz , partial sanctions relief for Tehran, and provisions linked to Lebanon , according to Pakistani and Iranian sources speaking to The New Arab .
The reported framework emerged as US President Donald Trump said on Saturday that negotiations between Washington and Tehran had "made significant progress", though he cautioned that no "final formula" had yet been reached. Extending the ceasefire for 60 days According to the reported draft, the ceasefire would be extended for 60 days as part of temporary arrangements pending a final agreement.
An Iranian source told The New Arab that Tehran would benefit during the negotiation period from eased restrictions on oil exports.
"Tehran, at the same time, will benefit during the 60-day negotiation period from easing the oil embargo to sell its oil," the source said.
The source also stressed that disagreements remain unresolved.
"The ball is in America's court, as Tehran has shown the maximum possible flexibility to reach a framework agreement," the source added. Opening the Strait of Hormuz, easing pressure on Iran The reported draft would also allow shipping traffic to resume through the Strait of Hormuz.
According to a Pakistani source speaking to The New Arab , US and Iranian forces would remain in their current positions while ships would be permitted to pass through the strait.
Iran’s Tasnim News Agency separately reported that Washington would suspend oil sanctions imposed on Tehran throughout the negotiation period, allowing Iran to continue selling oil.
Trump said on Truth Social that negotiations had advanced significantly and that "the Strait of Hormuz will be opened".
However, Iran’s Fars News Agency disputed Trump's post, saying any agreement would leave the strait under full Iranian control. Fars quoted a source as saying Iran had only agreed to restore ship traffic to pre-war levels, stressing that this did not mean "freedom of navigation". The source said Iran would retain authority over routes, schedules and transit permits. Releasing frozen Iranian funds The reported draft also includes provisions related to Iranian assets frozen abroad.
The Pakistani source told The New Arab that no final agreement had yet been reached despite "notable progress".
An Iranian source, however, said that under the draft "a large portion of Iran’s frozen assets abroad will be released". Including Lebanon in the agreement One of the more significant reported aspects of the draft concerns Lebanon.
According to The New Arab , the framework would include ending the war on all fronts, including Lebanon, alongside support from Washington and Tehran for dialogue between Lebanon and Israel.
An Iranian source told the outlet on Sunday that the draft was not merely about extending a ceasefire.
"There is no such thing as extending the ceasefire in the preliminary draft agreement," the source said, adding that it instead includes "ending the war on all fronts, including Lebanon". Tasnim reported that an initial memorandum of understanding (MOU) would be announced if both sides approve the preliminary understanding. Iran’s nuclear programme The Iranian nuclear programme would reportedly be addressed only in the second phase of negotiations.
According to the Pakistani proposal, nuclear talks between Tehran and Washington would resume from where previous negotiations stopped.
An Iranian source said that "the status quo in the nuclear file will be maintained" during the first phase, while adding that "regarding the sanctions issue, the situation will remain as it is now".
Under the proposal, both sides would have 60 days to negotiate the details of a future nuclear agreement, with the possibility of extending that timeline. Fars News Agency reported that Iran had made no commitments on its nuclear programme during the current phase of negotiations and that the issue had not yet been formally discussed. US forces in the region The proposed framework would also reportedly address the positioning of US troops in the region.
An Iranian source told The New Arab that "the status quo will also be maintained" regarding US forces, but added that the understanding would begin a withdrawal process from areas adjacent to Iran.
Pakistan is reportedly seeking to have the agreement named the "Islamabad Agreement" or "Islamabad Treaty", though the parties have not yet reached consensus on this.