Sensex at 30k, crude $300, inflation 19%: Shankar Sharma says he can tolerate anything, but not Pakistan's Iran peace plan success

Ace investor Shankar Sharma has sparked debate online with a post on X opposing a Pakistan-led peace initiative in the ongoing Iran-US-Israel conflict, even as Tehran rejected a ceasefire proposal and outlined its own terms to end the war.

The post, which has garnered around 313,000 views, expressed strong reservations about the symbolic implications of such an agreement.

The post, which has garnered around 313,000 views, read:


“I desperately hope along with with the rest of India that the Pak-led peace initiative fails.

We can tolerate anything: 300 dollar oil, Sensex at 30k, inflation at 19%, INR at 130.

But we can't tolerate the ignominy of seeing the most historic peace Accord EVER called " The Islamabad Accord", and that too, when Dhurandhar 2 is running to packed houses.”

Pakistan’s ceasefire proposal

Pakistan has proposed a two-stage plan to end the US-Israel war on Iran and reopen the Strait of Hormuz, with both sides currently considering the framework, according to Reuters.

Esmaeil Baghaei, spokesperson for Iran’s Ministry of Foreign Affairs, acknowledged Islamabad’s diplomatic efforts, saying the proposal has been shared with both Iran and the United States.

Under the plan, an immediate ceasefire would come into effect, followed by the reopening of the Strait of Hormuz. The proposal allows a 15 to 20-day window to negotiate and finalise a broader peace settlement.

The tentative agreement, referred to as the “Islamabad Accord,” envisions a regional framework governing the strait, with final in-person negotiations expected to take place in Pakistan’s capital.

Iran rejects ceasefire, proposes 10-point plan

The comments come amid heightened tensions after Iran turned down a ceasefire framework reportedly brokered by Pakistan, which proposed an immediate halt to hostilities followed by negotiations on a broader agreement within 15 to 20 days, according to Reuters.

Tehran instead called for a permanent end to the war, as reported by state-run IRNA, and presented a 10-point proposal outlining its conditions.

Iran’s 10-point proposal

1. Guarantee that Iran will not be attacked again
2. Permanent end to the war, not just a ceasefire
3. End to Israeli strikes in Lebanon
4. Lifting of all US sanctions on Iran
5. End to all regional fighting against Iranian allies
6. In return, Iran would open the Strait of Hormuz
7. Iran would impose a Hormuz fee of $2 million per ship
8. Iran would split these fees with Oman
9. Iran to provide rules for safe passage through Hormuz
10. Iran to use Hormuz fees for reconstruction instead of reparations

Iran also indicated it would lift its effective blockade on the Strait of Hormuz but impose a fee of about $2 million per vessel, with revenues shared with Oman and directed towards rebuilding infrastructure damaged in strikes, according to reports.

Trump issues fresh warning

US President Donald Trump dismissed Iran’s response and warned of potential military action if the Strait of Hormuz is not reopened by the stated deadline.

He said Iran could be “taken out” in one night and warned that key infrastructure, including bridges and power plants, could be targeted if no agreement is reached.

Trump also rejected concerns that such strikes could escalate the conflict further or turn Iran’s population against the US.