Pakistan’s Prime Minister Shehbaz Sharif announced that the United States and Iran have reached a consensus on a peace agreement, with finalization potentially coming within the next 24 hours. The deal, which Sharif indicated could be electronically signed, represents the closest the two adversaries have come to a formal resolution of their long-running Middle East conflict.
Bitcoin climbed approximately 3% following the diplomatic developments.
Pakistan’s mediator gambit
Sharif positioned Pakistan squarely at the center of the breakthrough, suggesting his country’s mediation efforts were instrumental in bridging the gap between Washington and Tehran. “Peace has never been this close,” Sharif said, framing the moment as a historic inflection point for the region.
Back in April 2026, Islamabad brokered a two-week ceasefire between the two sides amid escalating tensions. That agreement held temporarily but didn’t produce anything lasting.
