Pakistani Prime Minister Shehbaz Sharif said the United States and Iran are expected to finalize a peace deal within the next 24 hours [1].

The announcement comes as Pakistan serves as a mediator to end the war between the U.S. and Iran. A successful resolution would stabilize a volatile region and potentially halt military escalations in critical maritime corridors.

Statements made in Islamabad on June 12 and 13, 2026, suggest that the two nations have reached a final, agreed-upon text [2, 3]. According to reporting from CNBC, the U.S. and Iran have settled on the specific language of the agreement [3].

While some reports indicate the deal is imminent, other accounts suggest a different outcome. Reuters said both sides agreed on a text and Washington expects to sign an initial deal in the coming days [2]. However, Yahoo News said the U.S. and Iran failed to reach a deal following marathon talks in Pakistan [2].

Prime Minister Sharif has positioned Pakistan as the central bridge for these negotiations. The effort to secure a peace agreement follows a period of intense diplomatic activity aimed at preventing further conflict between the two powers.

Despite the optimistic outlook from Islamabad, the discrepancy in reporting highlights the fragility of the current diplomatic stage. The 24-hour window cited by the prime minister [1] remains the primary timeline for a formal announcement.

The United States and Iran are expected to finalize a peace deal within the next 24 hours.

This development signals Pakistan's growing role as a strategic diplomatic intermediary in the Middle East. If the deal is finalized, it would represent a significant shift in U.S. foreign policy and a potential de-escalation of hostilities that have threatened global energy markets and regional security. However, the conflicting reports regarding the success of the marathon talks suggest that while a framework may exist, final signatures remain subject to last-minute hurdles.