"Iran and the United States have received a plan to end hostilities and reopen the Strait of Hormuz," reports Reuters. The draft "was prepared by Pakistan and exchanged with Iran and the United States overnight," the source said, "outlining a two-phase approach with an immediate ceasefire, followed by a comprehensive agreement." Temporarily named the "Islamabad Agreement," it envisions the reopening of Hormuz "within 15–20 days," while final negotiations could be held in Islamabad. Iran has also already confirmed it has received an agreement in hand and "is assessing it."