Emerges Key

• Pakistan has received an amended peace proposal from Iran as it serves as a crucial backchannel mediator in ongoing US-Iran negotiations, reflecting diplomatic efforts to resolve escalating tensions. • The development indicates continued high-level diplomatic engagement despite stalled formal negotiations and previous ceasefire attempts, with Pakistan playing a strategic intermediary role in the Middle East crisis. • Successful mediation efforts could have significant implications for global markets, crude oil prices, and regional stability, directly affecting India's energy security and economic growth prospects.

• Pakistan has positioned itself as a primary mediator between the United States and Iran following the recent Middle East war, leading efforts to end hostilities after Trump's threats prompted a White House reversal. • Peace talks are set to begin in Pakistan on April 10, welcomed by India, as the two-week ceasefire takes hold amid reshaping West Asian strategic landscape. • China supports Pakistan's role, having jointly submitted a five-point truce plan with Islamabad to reopen the Strait of Hormuz before escalation.

• Türkiye positions itself at the center of diplomatic initiatives and alternative energy transit routes as U.S.-Israel-Iran hostilities enter their second month. • Foreign Minister Hakan Fidan conducted intense phone diplomacy and Gulf trips, coordinating with Egypt, Saudi Arabia, and Pakistan on ceasefire frameworks. • Ankara prioritizes preventing escalation, staying outside direct hostilities while warning against conflict expansion amid surging global oil prices.