US and Iran signal agreement close on deal to end hostilities, reopen Strait of Hormuz

Reports from June 12-13, 2026, indicate that the United States and Iran are nearing a significant agreement to end hostilities, with Pakistan confirming that a "final, agreed upon text" of a peace deal has been reached. Pakistani Prime Minister Shehbaz Sharif, whose nation has been mediating, stated that Pakistan is now collaborating with both sides to finalize the next steps. Both Washington and Tehran have signaled the imminent nature of a deal, with Iran's Foreign Minister noting that an agreement has "never been closer".

A core component of the emerging agreement is the anticipated reopening of the Strait of Hormuz, a crucial international trade route that had been impacted by recent conflicts. While a senior U.S. official indicated expectations of signing an initial deal within days, suggesting terms that include dismantling Iran's nuclear program and removing enriched uranium, Iranian officials have cautioned that a final decision has not yet been made, and some details remain under discussion. This diplomatic breakthrough comes despite recent drone attacks by Iran in the Strait of Hormuz, which U.S. forces intercepted.