Pakistan Says US-Iran Deal Text Is Finalized
Pakistan's prime minister says the final text of a US-Iran peace deal is agreed, with the Iranian supreme leader's signature the only step left.
- Pakistani Prime Minister Shehbaz Sharif said on June 12 that a final, agreed text for a US-Iran peace deal has been reached.
- According to sources, the deal envisions an Iranian moratorium on uranium enrichment of 15 to 20 years and dismantling of nuclear sites over 60 days.
- It provides for the release of 24 billion dollars in frozen Iranian assets and the reopening of the Strait of Hormuz within 30 days.
- A senior US official put the odds of a signature at 80 to 85 percent, while Tehran officially denies any decision has been made.
For Serbia, which imports every barrel of oil through markets tied to the stability of the Gulf, the news from Islamabad carries a very concrete price tag. If the shipping lane through Hormuz really reopens on the announced timeline, pressure on energy prices across Europe would ease far faster than expected. Pakistani Prime Minister Shehbaz Sharif said on June 12 that a final, agreed text of a peace deal between the United States and Iran had been reached, opening the most serious diplomatic channel since the crisis began, following Trump’s ceasefire.
Sharif said Pakistan is working with both sides on the next steps, and summed up his assessment in a single line. Peace has never been this close, the Pakistani premier said, casting Islamabad as the mediator that brought the text to the brink of signing.
What exactly does the agreed text envision?
According to sources familiar with the document, the deal rests on several mutually conditional obligations. Iran would accept a moratorium on uranium enrichment lasting 15 to 20 years, along with the dismantling of nuclear sites during a 60-day negotiating window. In return, the text provides for the release of 24 billion dollars in frozen Iranian assets and a gradual reopening of the Strait of Hormuz, with a return to pre-war shipping volumes within 30 days.
The geopolitical reality of the deal is, however, more cautious than the announcements. The US naval blockade stays in place until the job is done, meaning the concessions activate only after a signature, not after the text is agreed. A senior US official put the odds of a final signing at 80 to 85 percent, while Donald Trump offered a more direct personal read. I understand the answer is yes, the US president said, adding that he had called off new strikes.
The last missing piece is not technical but political. The text awaits the signature of Iran’s new supreme leader, and it is precisely this step where two versions of events diverge. Washington and Islamabad speak of a deal within reach, while Tehran insists the final word has not yet been spoken.
Why does Tehran deny what the West celebrates?
Iran’s foreign ministry denied that a final decision had been made, framing it as closer than ever but not yet concluded. That gap between the Pakistani announcement and Iranian caution is not mere diplomatic shading. For Iran’s leadership, publicly confirming a signed text before the supreme leader puts pen to paper would carry domestic political risk, while for Washington and the mediators every announcement of progress has value in itself.
From a European vantage point, Serbia’s included, the Hormuz clause matters most. A fifth of the world’s oil passes through that strait, so reopening it within a month would be a tectonic shift for the energy markets Serbia relies on. Brussels is staying quiet for now and waiting for a signature, aware that the difference between an agreed and a signed text is exactly the space in which diplomatic channels most often break down.
The next date worth watching is not a meeting but a signature: as long as the Iranian supreme leader’s name is missing, everything else remains a promise on paper. Will Tehran confirm what Islamabad already calls a done deal, or keep the last word for itself?
