'Peace has never been this close': PM Shehbaz says text of 'final' US-Iran peace deal agreed upon

Prime Minister Shehbaz Sharif announced Friday that a final, agreed-upon text for a peace deal between Iran and the United States has been reached. This confirmation follows U.S. President Donald Trump's statement a day earlier that a peace agreement could be signed as early as the upcoming weekend in Europe, potentially marking a major diplomatic achievement to end the ongoing conflict.

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Peace has never been this close as it is now.

Trump described the settlement as a "great settlement of the war with Iran," adding that the Strait of Hormuz would officially reopen upon signing. He indicated the signing could happen "very soon, maybe over the weekend in Europe." In parallel, Iranian Foreign Minister Abbas Araghchi referred to the potential agreement as the "Islamabad Memorandum of Understanding," echoing the sentiment that it is closer than ever.

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We just made a great settlement of the war with Iran. The strait will officially open as soon as we sign, which could be soon, very soon, maybe over the weekend in Europe.

Both leaders cautioned against the spread of misinformation, with PM Shehbaz Sharif noting an "incessant misinformation campaign" by those seeking to derail the deal. Araghchi urged the press to refrain from speculation until the agreement is finalized, promising that all details would be shared transparently. This call for restraint comes amidst conflicting reports regarding the deal's terms.

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The Islamabad Memorandum of Understanding has never been closer.

President Trump himself took to Truth Social to dismiss reports about the specifics of a possible deal, stating they had "nothing to do with the terms that were agreed to, in writing." He urged Tehran to "get their act together, and fast." Vice President JD Vance also issued a statement to dispel "fake information," clarifying that no cash would be released to Iran simply for signing or attending a meeting. Vance emphasized that the deal prioritizes U.S. and allied concerns, with economic benefits flowing to Iran and the region only if Tehran meets its obligations, potentially remaking the region and leading to lasting peace.

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First, the Iranians are not receiving any cash, and no funds are being released for simply signing a deal or attending a meeting. The deal is structured to ensure that the US and its allies’ concerns are prioritised, and that if the Islamic Republic of Iran meets its obligations, then economic benefits will flow to them and to the entire region. This deal has the potential to remake the region and lead to lasting peace.