Overview
- Pakistani and regional media reported Wednesday that Washington and Tehran agreed to extend the 60-day ceasefire set by the Islamabad Memorandum of Understanding.
- Pakistan has driven mediation efforts with Interior Minister Mohsin Naqvi delivering a message from Prime Minister Shehbaz Sharif and Field Marshal Asim Munir to Iranian leaders.
- Defence Minister Khawaja Asif told Bloomberg that recent signals suggest negotiators are close to an arrangement, reflecting active diplomatic momentum in Islamabad.
- Markets and prediction platforms moved to price a higher probability of an extension as traders reacted to the reported diplomatic breakthrough.
- Reporting of the extension rests mainly on Pakistani government statements and regional agencies so formal, joint public confirmation from the United States and Iran remains limited and negotiations on nuclear limits, sanctions, oil exports and maritime security must still be resolved.