The drafted text of the deal, which Pakistani Prime Minister Shagbaz Sharif announced had been agreed upon earlier on Friday, also outlines the reopening of the Strait of Hormuz.

Shehbaz Sharif says Pakistan 'working closely' with Washington and Tehran 'to finalize next steps'.

With Iran and Israel suspending strikes at Trump’s request, the US president hints a Europe-based US-Iran peace deal could be finalized in the coming days

US and Iran appear close to a deal to end their war and reopen the Strait of Hormuz