Updated
Updated · Fortune · Jun 13
Pakistan Expects Iran War Deal Within 24 Hours as Trump Eyes Hormuz Demining at G7
Updated
Updated · Fortune · Jun 13

Pakistan Expects Iran War Deal Within 24 Hours as Trump Eyes Hormuz Demining at G7

3 articles · Updated · Fortune · Jun 13

Summary

  • Shehbaz Sharif said a deal to end the Iran war was closer than “ever before” and could be finalized within 24 hours, with Pakistan preparing an electronic signing and technical talks next week.
  • The draft Islamabad memorandum is focused on ending the war, not Iran’s nuclear program, while Tehran struck a more cautious note, saying an agreement may come in the coming days rather than immediately.
  • Donald Trump is expected to use next week’s G7 summit in France to discuss demining the Strait of Hormuz and to meet Egypt, Qatar and UAE leaders on efforts to wind down the conflict.
  • Britain and France have shown interest in helping clear the waterway once fighting pauses after Iran’s disruption of Hormuz traffic and a U.S. blockade of Iranian ports rattled regional energy flows.

Insights

How did Pakistan become the indispensable power broker in the landmark US-Iran peace deal?
Beyond reopening Hormuz, what are the hidden economic stakes in this sudden US-Iran nuclear deal?
How will the US verify the destruction of Iran's fortified uranium cache under this agreement?

Pakistan’s Pivotal Mediation: The Islamabad Memorandum and the Precarious U.S.-Iran Ceasefire Agreement

Overview

The Islamabad Memorandum, a tentative agreement between the United States and Iran, is on the verge of being signed, with Europe likely hosting the ceremony. President Trump, though not attending, has credited Jared Kushner and Steve Witkoff for their key roles in advancing the deal, while Vice President Vance will represent the administration. The agreement, often called the 'Islamabad Declaration' by Iran, highlights Pakistan's central role in facilitating negotiations. This preliminary deal aims to de-escalate tensions, but its success depends on further technical discussions and the resolution of remaining issues after the signing.

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