Iran and the United States have received a plan to end hostilities and reopen the Strait of Hormuz, according to a source. The framework was put together by Pakistan and exchanged with Iran and the U.S. overnight, outlining a two-tier approach with an immediate ceasefire followed by a comprehensive agreement. The deal, tentatively dubbed the "Islamabad Accord," would include a regional framework for the strait and final in-person talks in Islamabad. The final agreement is expected to include Iranian commitments not to pursue nuclear weapons in exchange for sanctions relief and the release of frozen assets. This comes amid concerns over disruption to shipping through the Strait, a critical artery for global oil supplies.