The United States and Iran have agreed to the wording of a peace deal to end hostilities and reopen the Strait of Hormuz, negotiators confirmed on Thursday, with the agreement expected to be signed within 24 hours.
Pakistani Prime Minister Shehbaz Sharif, who has hosted the peace negotiations, announced the breakthrough on social media, describing a “final, agreed-upon text”. In a post on X, he said “peace” was at hand, and confirmed that the Strait of Hormuz – a critical waterway for global oil supplies – would be reopened as part of a ceasefire extension.
“US and Iran agree peace deal text; signing within 24 hours and Strait of Hormuz to reopen, says Pakistan PM.”
Sharif’s statement came after weeks of behind-the-scenes talks in Pakistan, positioning Islamabad as a key broker between the two longtime adversaries. The deal’s signing is expected to take place within the next day, according to Sharif, though the precise location and signatories were not specified in the sources.
The reopening of the Strait of Hormuz, which had been effectively closed due to the conflict, would restore a vital artery for tanker traffic carrying about a fifth of the world’s oil. The agreement marks a dramatic shift after months of escalating tensions in the Gulf region.
Neither Washington nor Tehran has yet issued a formal statement, but the Pakistani prime minister’s announcement – sourced to negotiators on both sides – signals that the diplomatic track has yielded a breakthrough. The deal’s swift implementation would avert further disruption to global energy markets and reduce the risk of a broader regional war.
For now, the world waits for the pens to meet the paper – and for the strait to open again.