Iran sends response to US proposal to end the war via Pakistan, IRNA says

Iran’s state news agency IRNA reported that Tehran has sent its formal response to a U.S. proposal aimed at ending the conflict, transmitting the text through Pakistan as mediator. According to reports, Iran emphasized that negotiations should prioritize a permanent cessation of hostilities rather than a short-term truce.

Available accounts indicate the Iranian response comprises a multi-point set of conditions—variously described as 10 to 14 clauses—calling for an end to fighting on all fronts, security guarantees for shipping through the Strait of Hormuz, lifting of sanctions, release of frozen assets and reparations. Pakistan, which hosted earlier face-to-face exchanges, has continued to serve as the conduit for these diplomatic messages.

Markets have monitored the exchange closely because the conflict has direct implications for global energy flows. Renewed uncertainty around access to the Strait of Hormuz has contributed to volatility in Brent and WTI futures, with periodic price jumps as traders reassess supply risk. Such movements feed into broader inflation expectations and energy costs for importing countries.

In a wider geopolitical and economic context, the episode underlines how any agreement must reconcile immediate security concerns—such as safe passage through Hormuz—with longer-term disputes including Iran’s nuclear dossier and sanctions. Outcomes that include partial concessions or phased implementations would still leave significant policy and market uncertainty until concrete verification and enforcement mechanisms are agreed.

Analysts say near-term market direction will hinge on the tone and specificity of follow-up exchanges. A rapid, substantive agreement limiting future naval disruption and establishing clear guarantees could reduce the energy risk premium and ease oil price volatility; by contrast, a protracted impasse or perceived uncompromising positions could sustain higher prices and risk premia. Investors are advised to monitor diplomatic communiqués and energy-market indicators closely while considering hedging options against further supply shocks.