Pakistan expects technical talks between the United States and Iran to resume next week to finalize a peace agreement.
The deal aims to end a four-month war [1] that has disrupted Middle East stability and volatile oil markets. If successful, the pact would reopen the Strait of Hormuz and lower global petrol prices.
Prime Minister Shehbaz Sharif said Pakistan is preparing for the electronic signing of the peace deal immediately after the terms are settled. He said a deal could be finalized within 24 hours [2] as of June 12.
These diplomatic efforts follow a period of intense escalation. Reports indicate U.S. forces launched self-defense strikes on Iran on June 10, showing that hostilities remained active even as mediators pushed for a resolution.
The Pakistani government has positioned itself as a primary mediator in the conflict. The goal of the current negotiations is to stabilize the region, and mitigate the economic impact of the war on global energy supplies.
According to reports, the pact would end the four-month war that has shaken the Middle East and oil markets [1]. The resumption of technical talks is seen as the final step toward a formal ceasefire and the restoration of maritime traffic in key shipping lanes.
“Pakistan is preparing for the electronic signing of the peace deal immediately after.”
The involvement of Pakistan as a mediator suggests a strategic shift to use regional intermediaries to resolve the conflict. If the deal is signed, the reopening of the Strait of Hormuz would likely lead to a decrease in global oil prices by removing the geopolitical risk premium currently affecting energy markets.
