Iran-US War: Tehran Reviews Pakistan-Brokered 15-Point Plan Amid Rising Energy and Shipping Risks

Iran’s leadership is formally weighing a Pakistan-brokered 15-point plan, as the Iran-US war adds to market strain. The review comes as crude, gas, and fertiliser costs rise, and shipping risks stay high. Finance watchers are tracking whether talks reduce pressure on energy routes and global input prices, including for India.

CNBC TV 18 reported on March 29 that Iran confirmed the 15-point proposal is under review. The report said Iran’s parliament is working with the Supreme National Security Council. It cited a Persian statement by Majlis Speaker Mohammad Bagher Ghalibaf about examining the plan in detail.

Reuters earlier quoted an Iranian official on the plan’s assessment inside Tehran. The official said senior figures and a representative of Iran’s supreme leader studied the document. The view was sceptical, yet diplomacy stayed active. The official said, "a 15-point U.S. proposal, conveyed to Tehran by Pakistan, was reviewed in detail on Wednesday by senior Iranian officials and the representative of Iran's supreme leader, reported Reuters. While they felt it served only U.S. and Israeli interests, diplomacy had not ended, the official said."

Reuters also reported on Thursday that another Iranian official gave a similar account. Senior officials again judged the 15-point U.S. proposal as serving U.S. and Israeli interests. Even so, Iranian officials said diplomatic channels on the conflict and its fallout remained open, despite the war’s escalation.

The Iran-US war has run for almost four weeks and is affecting trade flows. Tanker movement has been disrupted and price risks have increased. Asian buyers have faced a near 67% rise in liquefied natural gas shipment costs. Nitrogen-based fertiliser prices, important for yields, have climbed close to 50%.

Analysts have warned that longer disruption can deepen inflation pressure across Asia. Import-reliant economies are watching Tehran’s contacts and key shipping lanes for any relief. India is among countries exposed through energy and fertiliser imports. These inputs can affect freight, farming costs, and wider price levels.

Iran-US war and Brent crude oil prices

Brent crude oil prices have risen sharply since the Iran-US war began on February 28. Trading Economics showed Brent futures above $111 a barrel on March 27. The commodity finished that week at the highest level since June 2022. Fresh disruption in the Strait of Hormuz outweighed hopes from diplomacy.

Key market moves reported alongside the conflict are listed below.

Item	Reported move	Context
Brent crude	Nearly +40% since February 28	Brent futures above $111 per barrel on March 27
LNG shipment costs for Asian buyers	Nearly +67%	Higher risk and disrupted tanker traffic
Nitrogen-based fertilisers	Nearly +50%	Rising input costs for global crop production

Gold and silver have not followed crude’s rise over the same period. The report said both metals reversed earlier gains amid inflation concerns. With Iran reviewing the 15-point plan, investors are balancing war risks against diplomacy signals. Any sustained shift can influence commodities and import bills.

پیام به ملت قهرمان ایران به مناسبت سی‌امین روز دفاع ملی ایرانیان اکنون می‌توان گفت که شرّ جنگ به آغازکننده‌اش بازگشته است. جنگ رمضان در حساس‌ترین لحظات خود است، از این رو ضروری می‌دانم با شما ملت ایران که در این سی‌شب یک پیکر واحد با ۹۰ میلیون جان بودید، چند کلامی سخن بگویم. pic.twitter.com/laQkzwvWEy محمدباقر قالیباف | MB Ghalibaf (@mb_ghalibaf) March 29, 2026

For now, Tehran’s review process and open channels sit alongside higher energy and farm input costs. Reports from CNBC TV 18 and Reuters indicate Iranian leaders are assessing the Pakistan-mediated terms, while still doubting the proposal’s balance. Markets remain focused on the Strait of Hormuz and signs of de-escalation.