Report: Mediators on the Iran issue are making final efforts to reach a 45-day ceasefire agreement.

The United States, Iran, and regional mediators are engaged in a final round of negotiations over a phased ceasefire plan, which is currently the diplomatic path to prevent the sharp escalation of war and large-scale damage to Middle Eastern energy infrastructure.

According to Xinhua News Agency, Trump believes there is a "very likely" chance of reaching an agreement with Iran before April 7. Later, as reported by CCTV News, Trump posted briefly on social media: "(US) Eastern Time Tuesday (April 7) at 8 pm!" Public opinion suggests this seems to be another extension of Trump's so-called "final deadline" for Iran.

Axios, citing informed sources, reports that the US and Iran are negotiating the specific terms of a potential 45-day ceasefire agreement, aimed at paving the way for a final end to the war. Sources point out that the likelihood of reaching a partial agreement within the next 48 hours remains slim, but this effort is seen as the only chance to avoid escalation.

Two sources said that the US-Israeli joint operational plan for large-scale bombing of Iranian energy facilities is ready to be executed at any time, but emphasized that the purpose of extending the deadline is to give negotiations one last chance.

Following the news, Brent crude Oil narrowed its intraday gain to 0.55%.

Two-Phase Plan: Ceasefire for Time, Final Agreement To Follow

Mediators are discussing a two-phase agreement framework with all parties: The first phase is a potential 45-day ceasefire period, during which negotiations for a permanent end to the war will take place. If more time is needed, the ceasefire period can be extended accordingly. The second phase would be a formal ending-the-war agreement.

This mediation effort is being advanced by Pakistan, Egypt, and Turkey as intermediaries. At the same time, Trump’s envoy Steve Witkoff and Iran’s foreign minister Abbas Araghchi are maintaining a direct communication channel via text.

A US official stated that the Trump administration has recently proposed several plans to Iran, but so far Iranian officials have not accepted any of them.

Hormuz Strait and Highly Enriched Uranium: Iran’s Key Bargaining Chips

Mediators are currently exploring Iran’s confidence-building measures centered on two major issues: reopening the Strait of Hormuz, and solutions for Iran’s highly enriched uranium stockpile—either moving it out of Iran or diluting it.

These two issues are Iran’s main bargaining chips in the talks. Iran will not agree to fully relinquish both in exchange for only a 45-day ceasefire.

The mediators’ current focus is on assessing whether Iran can take partial steps on both issues in the first phase agreement, and studying what measures the Trump administration can adopt to assure Iran that the ceasefire is genuine and the war will not restart.

Iranian officials have clearly told mediators they do not want to repeat the situation in Gaza or Lebanon—i.e., a ceasefire agreement that exists in name only, which could be broken at any time by the US or Israel.

Mediators Warn: 48 Hours May Be Last Window

Mediators are deeply concerned about the destructive consequences if the US and Israel strike Iranian energy infrastructure and Iran retaliates against Gulf countries’ oil and water facilities.

Mediators have directly informed Iranian officials that there is no room for further delay in negotiations. The next 48 hours are the last chance to reach an agreement and avoid large-scale destruction.

However, Iran’s official stance remains tough, refusing any form of concession. The Iranian Revolutionary Guard Navy said on Sunday the situation in the Strait of Hormuz will "never" return to its pre-war state, especially for the US and Israel.

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