Has Pakistan taken a back seat?
For months, Pakistan found itself in an unfamiliar but influential role: acting as one of the principal mediators between Iran and the United States at a time when the two adversaries appeared dangerously close to a wider regional war.
Today, however, that diplomatic momentum has all but evaporated.
The renewed exchange of military strikes between Washington and Tehran has rendered the Islamabad Memorandum of Understanding (MoU), once hailed as the framework that could steer both sides back toward diplomacy, virtually irrelevant.
With missiles once again flying across the Gulf and no indication that either side is prepared to return to negotiations, Pakistan appears to have deliberately stepped back, adopting what is being described as a "wait-and-watch" approach.
The latest escalation is precisely the scenario Islamabad had hoped to avoid. Pakistan never expected the MoU to produce an overnight breakthrough.
Officials involved in the mediation understood that decades of mistrust between Iran and the United States could not be erased through a single agreement or a handful of meetings. The expectation was more modest: to create enough political space for sustained dialogue and prevent military confrontation from spiraling out of control.
Instead, the opposite has happened. It is believed that the renewed hostilities have left Islamabad deeply disappointed.
The sense within Pakistan's foreign policy establishment is that months of painstaking diplomacy have effectively been undone within days.
Previously, whenever tensions flared after the signing of the Islamabad MoU, Pakistan and Qatar moved swiftly to contain the situation.
Following the Switzerland talks, for example, Iran and the United States carried out limited retaliatory strikes. Those incidents threatened to derail the diplomatic process, but coordinated intervention by Islamabad and Doha succeeded in persuading both sides to restore the ceasefire. That eventually paved the way for another round of indirect negotiations in Doha.
Those talks concluded with an understanding that technical-level negotiations would resume after the funeral of Iran's former Supreme Leader, Ayatollah Ali Khamenei.
But even before the burial ceremonies concluded, the fragile calm collapsed. Iran launched missile attacks against vessels attempting to transit the Strait of Hormuz without what Tehran described as its authorization. The United States responded militarily, setting off another cycle of retaliation that has steadily intensified.
Since then, there has been little indication that either side is seeking to slow the escalation. Instead, military exchanges have become more frequent while official rhetoric in both Washington and Tehran has hardened considerably.
It is against this backdrop that Pakistan's relative silence has become increasingly noticeable. Unlike previous rounds of escalation, Islamabad has refrained from publicly positioning itself at the centre of mediation efforts. Although senior Pakistani officials have remained in contact with Iran and other regional stakeholders, the proactive diplomacy that characterised Pakistan's earlier role has largely disappeared.
Observers say the change reflects growing frustration rather than disengagement. Pakistan believes it invested significant diplomatic capital in creating the conditions for dialogue. The collapse of that process, despite repeated efforts to preserve it, has convinced policymakers that neither Washington nor Tehran is currently prepared to prioritise diplomacy.
The prevailing view in Islamabad is that if both capitals remain convinced that military pressure can produce strategic gains, outside mediation is unlikely to succeed.
As one diplomat of a key regional country privately put it, both sides appear determined to test whether force can achieve what negotiations could not.
Only after they conclude that military action cannot deliver a lasting solution, the diplomat believes, will meaningful diplomacy become possible again.
Until then, Pakistan sees little value in repeatedly stepping in only to watch fragile understandings collapse after every fresh exchange of fire.
That does not mean Islamabad has abandoned its mediator's role altogether. Iranian Foreign Minister Abbas Araghchi's visit to Doha, officially to offer condolences over the death of Qatar's former Amir, has inevitably fuelled speculation about possible diplomatic contacts.
Qatar, alongside Pakistan, remains one of the few countries maintaining channels of communication with both Tehran and Washington.
Yet the sense here is that conditions are not conducive for another mediation initiative. In their assessment, diplomacy cannot succeed unless both parties first demonstrate a genuine willingness to halt military operations.
For now, Pakistan appears content to remain on the sidelines.
The calculation is that diplomacy cannot be imposed upon adversaries who continue to believe that battlefield successes will strengthen their negotiating positions.
Islamabad is therefore waiting for the inevitable moment when both Washington and Tehran conclude that military escalation has reached its limits.
When that moment arrives, Islamabad will once again be ready to offer its good offices. Until then, the mediator has chosen patience over activism.