Pakistan and Qatar have proposed the release of about $6 billion in frozen Iranian funds in return for renewed nuclear inspections as part of an effort to resolve the conflict between the United States and Iran and prevent further military escalation, according to reports. 

Al-Araby Al-Jadeed and The New Arab reported that Islamabad and Doha presented the framework as a compromise between Washington and Tehran. Regional sources said both sides have given preliminary approval, but they have not reached a final agreement. 

The plan would allow Iran to receive approximately $6 billion in interest generated from Iranian assets frozen in Qatari banks. In exchange, Tehran would permit the International Atomic Energy Agency to conduct confidential, unannounced inspections at Iranian nuclear facilities. 

Pakistan’s Army Chief, Field Marshal Asim Munir, arrived in Tehran with diplomatic delegations seeking to finalize the framework with Iranian Foreign Minister Abbas Araghchi. Regional officials described the diplomatic effort as making “significant” progress. 

Diplomats involved in the broader US-Iran negotiations cautioned, however, that a final breakthrough was not imminent as backchannel discussions continued. 

Reports of the proposal came as global stock markets gained and crude oil prices declined. The S&P 500 rose 0.6% as concerns about potential disruptions to regional energy supplies eased. 

In recent weeks, despite the upcoming US midterm elections, President Donald Trump and his administration have renewed threats of further US military action against Iran as negotiations remain deadlocked. Washington has warned it could “finish the job” if Tehran does not change course, while Trump has reiterated that Iran will not obtain a nuclear weapon. 

Separately, the Financial Times reported that Prime Minister Benjamin Netanyahu ordered the IDF to prepare a major new attack against Iran earlier this month as he pushed for renewed extensive strikes. 

Citing three sources involved in the matter, the Financial Times said the IDF prepared a several-day aerial campaign for the weekend of October 10. The planned operation included strikes on civilian infrastructure, including power stations, as well as nuclear facilities and targets associated with the regime.