The agreement calls for the immediate and permanent end to military operations, including in Lebanon, Sharif said. Pakistan said mediators would now facilitate a series of pre-implementation meetings ahead of the official signing. “These pre-implementation discussions will lay the foundation for the technical talks and the official signing ceremony,” Sharif added.
Iran did not immediately issue a public statement confirming the deal, and the full text of the agreement has not been released, the New York Times reported. The accord is understood to include a 60-day ceasefire framework, with both governments separately committing to continued negotiations over Iran’s nuclear programme and US sanctions relief during that window. Those issues, widely seen as the most contentious in the entire conflict, remain unresolved.
The deal almost stalled as Israel continued its attacks on Lebanon, which was publicly criticized by Trump. Israel, which was not a direct party to the US-Iran negotiations, has maintained it will continue operations if Hezbollah attacks its territory. It was not immediately clear whether Israel had agreed to stand down in Lebanon.
The Strait of Hormuz, one of the world’s most strategically significant oil shipping routes, has been effectively closed since the conflict began in late February. The blockade has squeezed global supply chains for oil, natural gas and fertilisers, driving up prices and reigniting fears of stagflation. In the US, annual inflation reached 4.2% in May, its highest reading in three years, according to CNBC.
A draft 14-page memorandum reported by Iranian state media on Friday had outlined proposed terms including US sanctions relief and Iran’s commitment to reopening the strait within 30 days, CNBC reported. Sunday’s agreement appears consistent with those terms, though full details are yet to be confirmed by either government.
