The mediation effort comes as Iran increases its attacks on shipping in the Strait of Hormuz and the US considers expanded military strikes. While Islamabad expects to announce a diplomatic breakthrough this week, market participants remain cautious due to Pakistan's history of unsuccessful mediation. Brent crude prices remained stable at $108 per barrel following the news of Munir's arrival and the proposed deal.
Tuesday, October 20, 2026
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US and Iran Approve Pakistan Qatar Plan to Stop Escalation
Geopolitics11 hours ago
A partial release of Iranian frozen assets is the centerpiece of a new diplomatic framework designed to avert military conflict between Washington and Tehran. According to sources cited by Al-Araby Al-Jadeed, Qatar and Pakistan presented a "compromise proposal" that meets the demands of both sides and has already received approval from the US and Iranian governments. Field Marshal Asim Munir, Pakistan's army chief, delivered the plan upon arriving in Tehran on Tuesday to restart negotiations and prevent further escalation.
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