Prime Minister Shehbaz Sharif said Friday that the United States and Iran have reached a final, agreed-upon text for a peace deal [1].

The agreement aims to end a conflict that has lasted more than 100 days [1] and facilitate the reopening of the Strait of Hormuz [1]. This critical maritime corridor is essential for global energy supplies, and its closure has heightened economic instability across international markets.

Sharif said via a post on X that the "final, agreed text of a peace deal between the United States and Iran had been reached" [4]. The announcement from Islamabad suggests a breakthrough in diplomatic efforts to stabilize the region following months of active warfare.

Other officials have signaled that a formal conclusion is imminent. An Iranian Foreign Minister said, "A deal has never been closer" [2]. The diplomatic momentum has accelerated, moving from conceptual frameworks to a finalized document.

President Donald Trump addressed the timeline for the formalization of the agreement. He said, "The deal could be signed as soon as this weekend" [3]. This window refers to the weekend of June 12-13, 2026 [5].

Pakistan has played a mediating role in the negotiations, leveraging its regional position to facilitate communication between Washington and Tehran. The finalization of the text marks the completion of the most difficult stage of the diplomatic process—the drafting of specific terms—leaving only the formal signing ceremony to be executed.

“"final, agreed text of a peace deal between the United States and Iran had been reached"”

The resolution of this conflict is critical for global trade, as the Strait of Hormuz is a primary chokepoint for oil exports. If the deal is signed as scheduled, it would mark a significant shift in U.S. foreign policy and a temporary cessation of hostilities that have threatened to escalate into a broader regional war.