Pakistan PM: Finalization of deal expected in next 24 hours

Pakistan’s Prime Minister Shehbaz Sharif has stated that a “final, agreed-upon text of the peace deal” between the United States and Iran has been reached, with finalized in the coming hours. Sharif emphasized that actively working with both parties. The deal, if finalized, could mark a significant shift in regional dynamics and global energy markets, particularly concerning the Strait of Hormuz, a critical shipping route for oil and gas.

According to a senior U.S. administration official, the agreement includes provisions for destruction or removal of uranium, the phased lifting of sanctions, and the reopening of the Strait of Hormuz. Technical details regarding removal of nuclear material will be worked out over a 60-day period following the signing of the agreement. Iran’s Foreign Minister Abbas Araghchi has also indicated that the deal is “closer than ever” and that all details will be made public in due course.

The negotiations have been facilitated by Pakistan, with support from Saudi Arabia, Turkey, Egypt, and Qatar. Despite the progress, challenges remain, including Iran’s insistence on charging tolls for ships transiting the Strait of Hormuz and its refusal to accept a temporary ceasefire without guarantees against future attacks. The U.S. and Iran have not yet issued official statements confirming the deal, but both sides appear to be moving toward a resolution.

For investors, the potential agreement could reduce geopolitical risks in the Middle East and stabilize global energy markets. However, uncertainties remain regarding the pace of implementation and the broader implications for regional security and economic policy.