The United States and Iran are close to finalizing a peace deal mediated by Pakistan's Prime Minister Shehbaz Sharif.

The agreement aims to end the ongoing conflict between the two nations and restore stability to a volatile region. A successful resolution could reduce military tensions in critical shipping lanes and shift the diplomatic landscape of the Middle East.

Prime Minister Shehbaz Sharif announced the development on X, stating that the two sides are very close to a resolution. He said, "We are very close to a peace deal and expect it to be signed within 24 hours" [1].

Iranian Foreign Minister Abbas Araghchi echoed this timeline. Araghchi said the deal is less than 24 hours away [4].

However, other reports suggest a slightly longer window for the official signing. A senior U.S. administration official said both sides have agreed on a text, and they expect to sign an initial deal in the coming days [2]. Other reports indicate the signing may occur over several days [2], while Washington expects to sign an initial agreement in the coming days [3].

The negotiations were mediated from Pakistan, though the final signing is expected to take place in either Washington or Tehran [1, 4]. The deal comes amid continued military volatility, including reports of Iranian attack drones being shot down near the Strait of Hormuz [3].

Despite these clashes, the reported agreement on a final text suggests a breakthrough in diplomatic efforts. The parties have not yet released the specific terms of the agreement to the public.

"We are very close to a peace deal and expect it to be signed within 24 hours."

The involvement of Pakistan as a mediator highlights a strategic shift in diplomatic channels to bridge the gap between Washington and Tehran. If finalized, the deal could mitigate the risk of a full-scale war near the Strait of Hormuz, though the contradiction in signing timelines suggests that final bureaucratic or political hurdles may still remain.