Pakistani Prime Minister Shehbaz Sharif said Friday a "final, agreed upon text" of a U.S.-Iran peace deal has been reached, as Pakistan works with both sides to finalize next steps amid what Sharif called an "incessant misinformation campaign" by those seeking to sabotage the agreement.

Amid ongoing intense mediation efforts by Pakistan, we are fully aware of incessant misinformation campaign being waged by those who want to sabotage the peace deal.

Setting aside the noise, we can confirm that a final, agreed upon text of the peace deal has been reached and…— Shehbaz Sharif (@CMShehbaz) June 12, 2026 What The Deal Covers — And What It Demands The memorandum of understanding between the U.S. and Iran would require Iran to dismantle its nuclear program, submit to an inspection regime and end its funding of regional proxies, CNBC reported Friday, citing a senior Trump administration official.

The deal also aims to reopen the Strait of Hormuz and "guarantees a long-term peace in the region," the official told CNBC.

According to the report, if Iran complies, it would receive significant economic relief, the easing of long-term sanctions and access to previously frozen assets.