June 13, 2026
Pakistan's Prime Minister Shehbaz Sharif announced that the US and Iran could finalize a peace agreement within the next 24 hours, marking the biggest step forward in efforts to end the conflict that has lasted over 100 days between the two sides.
In a statement posted on social media platform X, Sharif said Pakistan is preparing for the electronic signing of the agreement as soon as the final terms are completed.
"We are closer to a peace agreement than ever before. The completion of the document could happen within the next 24 hours, followed by an electronic signing ceremony and technical negotiations next week," Sharif wrote.
Pakistan and Qatar are currently mediating negotiations to extend the April 8 ceasefire by another 60 days, while also laying the groundwork for talks on Iran's nuclear program.
According to sources involved in the negotiations, one of the key provisions of the agreement is the reopening of the Strait of Hormuz — the world's most vital energy shipping route.
Under the plan, Iranian forces will clear mines during the first 30 days. During the 60-day ceasefire, Iran will also not charge fees for commercial vessels passing through the strait.
In return, the US will end its maritime blockade on Iranian ports.
Sources indicated that Tehran would reaffirm its commitment not to develop or possess nuclear weapons. Both sides will also engage in negotiations regarding the handling of Iran's enriched uranium stockpile under the supervision of the International Atomic Energy Agency (IAEA).
According to diplomatic sources, Iran currently possesses over 9,000 kg of enriched uranium, of which approximately 440 kg is enriched to a level near weapons-grade. Tehran has consistently maintained for years that its nuclear program is solely for civilian purposes.
A senior official in the Trump administration stated that Washington believes all relevant parties within Iran's political system currently support the agreement.
Vice President JD Vance also said that if Iran fully implements its commitments, it would receive economic benefits in phases. However, he emphasized that no funds would be disbursed solely for the signing of the agreement.
If signed, this would be the most significant diplomatic breakthrough since the US-Iran conflict erupted at the end of February this year, and could help de-escalate the global energy crisis and reduce fuel price pressure on international markets.
Source: Financial Times
