Al Arabiya sources say Pakistani Army Chief did carry an offer to Iran to halt the siege and lift sanctions under the memorandum of understanding;

Back-channel offers of this kind, routed through a third-country intermediary rather than announced formally, have historically been how Washington-Tehran exchanges open, with the channel itself often signalling as much as the content: intermediaries with standing on both sides have been used repeatedly in past de-escalation rounds between these two parties. The terms described follow a familiar barter structure, maritime access against sanctions relief, and in prior episodes the sequence has tended to run from private offer, to denial or partial confirmation from the counterparties, to a pause in hostilities while terms are contested, with full implementation rarely matching the initial framing. The trade channel here is concrete: Hormuz carries a large share of seaborne crude and LNG, so any credible path to reopening compresses the geopolitical risk premium in the front of the oil curve and in freight and insurance rates, while a collapsed offer has tended to do the opposite with added escalation risk. The distinction worth drawing is between an offer made and an offer accepted: single-source reporting of an offer, attributed to sources rather than either government, has on previous occasions preceded both genuine breakthroughs and quick retractions. The tells are confirmation or denial from Tehran and Washington, any movement in tanker traffic or war-risk premiums around the strait, and whether other intermediaries or regional states begin echoing the same terms.