Prime Minister Shehbaz Sharif announced on Friday that a “final agreed-upon” text for a peace settlement between Iran and the United States has been established.
The announcement follows statements from US President Donald Trump, who suggested that a formal agreement could be signed as early as this weekend. Such a deal would represent the most significant diplomatic breakthrough to date in ending the recent conflict.
“We have just reached a great settlement regarding the war with Iran,” President Trump informed reporters at the White House. He noted that the strait would officially reopen upon the signing of the deal, which he indicated could occur very soon, potentially over the weekend in Europe.
In a post on X, Prime Minister Shehbaz stated that Islamabad is working “closely” with all involved parties to finalize the next stages of the diplomatic process, adding, “Peace has never been this close as it is now.”
The Prime Minister also warned against a “continuous misinformation campaign” intended to undermine the peace process.
Iranian Foreign Minister Abbas Araghchi echoed these sentiments, referring to the potential accord as the “Islamabad Memorandum of Understanding.”
“The Islamabad Memorandum of Understanding has never been closer,” Araghchi posted on X, advising the media to avoid speculation until the document is officially finalized. He emphasized that all details would be shared transparently with the public in due course.
Earlier in the day, President Trump used Truth Social to dismiss reports regarding the specific terms of the potential deal, asserting that such rumors bore “no relation to the terms that were agreed to in writing.” He added that Tehran must act decisively and quickly.
Simultaneously, Vice President JD Vance issued a statement on X to counter “false information” circulating about the agreement.
“To clarify, the Iranians are not receiving any cash, and no funds are being released simply for signing a deal or attending a meeting,” Vance wrote. He explained that the agreement is structured to prioritize the security concerns of the United States and its allies, ensuring that economic benefits only flow to Iran and the wider region if the Islamic Republic fulfills its obligations.
He concluded by noting that the deal possesses the potential to reshape the region and establish lasting peace.
The diplomatic push follows a period of intense escalation on Wednesday night, when Washington and Tehran exchanged strikes after an American Apache attack helicopter crashed near the Strait of Hormuz.
Following further exchanges on Thursday, President Trump had initially threatened larger bombing raids; however, he subsequently canceled the strikes after high-level discussions with leadership in Tehran.
“The discussions and final points have been approved, in both concept and great detail, by all involved parties, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkiye, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others,” Trump shared on Truth Social.
The conflict began on February 28 with joint US-Israeli strikes on Iran. After months of reciprocal attacks, a ceasefire was mediated by Pakistan in April. While a round of negotiations took place in Islamabad that month, no formal agreement was reached following 21 hours of talks.
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