The United States on Monday played down reports of a proposed “45‑day ceasefire” in its ongoing war with Iran, calling it “just one of many ideas” under discussion.
The official said President Donald Trump has not signed off on any agreement and its pure speculation at this point.
Earlier reports suggested that the United States and Iran were exploring a two‑phase deal with the help of Pakistan that begins with a temporary 45‑day halt in fighting, then gradually moving towards a permanent end to hostilities.
But Tehran has so far refused requests tied to reopening the strategically critical Strait of Hormuz.
Earlier, Reuters reported that Iran has also rejected a temporary ceasefire proposal and said it has formulated a response to the US’ demands to end the war.
Iran’s Foreign Ministry says they will announce their response to the US’ 15-point plan “when necessary.”
Despite swirling headlines, markets have shown limited reaction: oil prices have hovered with modest moves, and emerging‑market stocks and currencies saw only small gains on initial ceasefire talk optimism.
Several X posters commented that investors are increasingly becoming desensitized to diplomatic headlines.
For now, the US-Israel war against Iran shows no clear path to de‑escalation.
The feature image for this report was made with AI.