Cate Blanchett is eyeing the lead role in the upcoming 20th Century Fox thriller Cascade, with Baltasar Kormákur entering negotiations to direct. The project is a loose remake of the 2003 pseudo-documentary The Day Britain Stopped, which we first reported on back in June 2012, when Ridley Scott and Steven Zaillian came on board to produce. Kieran Fitzgerald (The Homesman) wrote the screenplay.

The story takes place in the aftermath of an oil tanker's collision in the Persian Gulf, which escalates into an international crisis. If she signs on, Cate Blanchett will play the ship's captain, who tries to find a way to prove that she did not commit a terrorist act. Morten Tyldum (The Imitation Game, Headhunters) was in talks to direct earlier this summer, but he is no longer involved.

Ridley Scott and Steven Zaillian are producing alongside Garrett Basch and Michael Schaefer. No production schedule has been released. Baltasar Kormákur's directorial credits include Contraband and 2 Guns, and he is currently in post-production on Everest. Cate Blanchett will next be seen in The Hobbit: The Battle of The Five Armies, Cinderella and Triple Nine.