Pakistan’s Prime Minister Shehbaz Sharif announced on June 12 that the United States and Iran have reached a finalized text for a peace deal, with a signing expected within 24 hours. Bitcoin climbed to approximately $77,500 as risk-on sentiment surged across digital assets.
What we know about the deal
Sharif stated that the “final, agreed upon text of the peace deal has been reached.” Pakistan has served as the primary mediator between Washington and Tehran throughout the negotiation process, a role that dates back to at least April 2026 when Islamabad brokered a two-week ceasefire between the two nations.
US President Donald Trump expressed optimism about signing a comprehensive agreement within days. Sharif went further, saying that “peace has never been this close as it is now.”
Iranian officials have signaled that an agreement has not yet been fully finalized, and US officials have struck a more cautious tone than Sharif’s 24-hour timeline suggests.
