Final text of peace deal between US and Iran agreed, says Pakistan’s prime minister

Pakistan's Prime Minister Shehbaz Sharif announced today, June 12, 2026, that a final text for a peace deal between the United States and Iran has been agreed upon, with Pakistan actively working on the subsequent steps for implementation. This declaration follows intense mediation efforts by Pakistan. Iran's Foreign Minister, Abbas Araghchi, echoed a similar sentiment, stating that an agreement "has never been closer" and promising that the details of a memorandum of understanding would be publicly shared in due course.

Despite this reported breakthrough, signals from US officials and President Donald Trump have presented a more nuanced picture. While President Trump expressed optimism that a comprehensive agreement could be finalized within days, he also dismissed earlier descriptions of the deal by Iranian state media as inaccurate, indicating that significant differences might still exist in the agreed terms. US officials acknowledge outstanding technical details regarding the dismantling of Iran's nuclear program and the phased release of economic benefits, emphasizing that these aspects will require time to resolve.

The emerging agreement is anticipated to facilitate the reopening of the Strait of Hormuz, a critical global trade route, and involve the lifting of US sanctions on Iran. Key elements also include the removal and destruction of Iran's nuclear material and the dismantling of its nuclear program. Regional allies like Israel have underscored their expectation that any deal will definitively prevent Iran from acquiring nuclear weapons.