Pakistan’s Prime Minister Shehbaz Sharif announced on June 12 that the final text of a peace deal between the United States and Iran has been agreed upon, with both sides now working on next steps.
The deal, brokered with Pakistan serving as mediator, comes roughly two months after an initial ceasefire took effect on April 8. That ceasefire was itself a Pakistan-brokered arrangement that bought both sides enough breathing room to negotiate something more permanent.
A conflict that reshaped risk calculations
The 2026 Iran war began around February 28, pulling in regional actors including Israel and Hezbollah. The conflict quickly expanded beyond a bilateral dispute into something with broader implications for international trade, energy markets, and the global economy.
US President Donald Trump acknowledged conversations with Sharif during those ceasefire discussions, lending credibility to Pakistan’s role as an honest broker in a situation where trust between Washington and Tehran was essentially nonexistent.
