Pakistani Prime Minister Shehbaz Sharif announced that the United States and Iran are expected to sign a peace deal within 24 hours [1].
This agreement marks a critical turning point in regional stability, as it aims to end a months-long conflict and restore commercial shipping through the Strait of Hormuz [3, 5].
Speaking from Islamabad on June 13, 2026, Sharif said that Pakistan served as the mediator for the negotiations [1, 2]. He said, "We are close to a peace deal and expect to sign within 24 hours" [1].
While some reports indicate the deal could be signed within a 24-hour window [1, 3], a senior U.S. administration official said both sides have agreed on a text and expect to sign an initial deal in the coming days [2]. The Iranian Foreign Minister said, "The deal has never been closer" [4].
Details regarding the signing process vary among sources. Some reports suggest the agreement could be signed digitally by U.S. and Iranian officials [3]. Other accounts simply state the agreement is expected in the coming days without specifying a method [2].
The deal follows a period of heightened military tension and disrupted maritime trade. The primary goals of the agreement are to cease hostilities, and ensure the reopening of the Strait of Hormuz, a vital artery for global energy markets [3, 5].
Despite the optimism surrounding the diplomacy, recent reports indicate military action has flared near the Strait of Hormuz as the two nations move toward the final agreement [2].
“We are close to a peace deal and expect to sign within 24 hours.”
The potential resolution of the U.S.-Iran conflict would alleviate significant pressure on global oil prices and maritime insurance rates by securing the Strait of Hormuz. Furthermore, the role of Pakistan as a mediator signals a shift in regional diplomatic dynamics, positioning Islamabad as a key intermediary between Western powers and Tehran.
