Pakistani prime minister: US-Iran deal expected within 24 hours

Pakistani Prime Minister Shehbaz Sharif has indicated that a final, agreed-upon text for a U.S.-Iran peace deal has been reached, with only the next steps remaining to be finalized. Sharif made the announcement amid heightened diplomatic efforts in Islamabad, where U.S. and Iranian delegations have been engaged in negotiations. The prime minister emphasized that a "final, agreed upon text" of the deal has been achieved, despite lingering disagreements over specific terms.

Iranian officials have also expressed optimism. Mohammad Bagher Ghalibaf, Iran’s parliamentary speaker and head of the delegation, stated that commitments must now be honored. Meanwhile, U.S. Vice President JD Vance has cautioned against misinformation surrounding the talks, clarifying that no financial incentives are being offered to Iran for merely signing an agreement.

The deal is expected to address key issues such as the Strait of Hormuz, a critical global shipping route, and the resolution of disputes over Iran’s uranium stockpile. U.S. Secretary of State Marco Rubio noted that while progress has been made, challenges remain, particularly regarding Iran’s control over the Strait of Hormuz.

Global markets have reacted to the developments, with oil prices rising amid uncertainty over the negotiations and the U.S. dollar reaching a six-week high. The International Energy Agency has warned that the conflict has caused the worst energy shock in recent history, with potential implications for global fuel markets.

As the final stages of the agreement unfold, both the U.S. and Iran remain under pressure to deliver a durable resolution that addresses regional security concerns and stabilizes global energy markets.