PM says US–Iran peace deal text agreed as mediation reaches critical stage

• Premier Shehbaz says ‘final agreed text’ reached after intensive mediation efforts

• Says Pakistan working with both sides on next steps to end months-long conflict

• Iran FM urges caution, warns against speculation over deal contours

• US President Trump rejects Iran’s claims, disputes agreement narrative

• Draft reportedly includes sanctions relief and unfreezing of Iranian assets

• Washington insists any deal must block Iran from developing nuclear weapons

 ISLAMABAD: Prime Minister Shehbaz Sharif on Friday said that a final text of a proposed peace deal between the United States and Iran has been agreed, even as Iranian Foreign Minister Abbas Araghchi urged restraint against speculation over its contours amid continuing public differences between Washington and Tehran.

Taking to X, Prime Minister Shehbaz said Pakistan, which has been mediating between the two sides, is now working with both governments to finalise the next steps toward ending months of conflict involving the United States, Israel and Iran.

Amid ongoing intense mediation efforts by Pakistan, we are fully aware of incessant misinformation campaign being waged by those who want to sabotage the peace deal. Setting aside the noise, we can confirm that a final, agreed upon text of the peace deal has been reached and…

— Shehbaz Sharif (@CMShehbaz) June 12, 2026

“Amid ongoing intense mediation efforts by Pakistan, we are fully aware of the incessant misinformation campaign being waged by those who want to sabotage the peace deal,” the prime minister wrote.

“Setting aside the noise, we can confirm that a final, agreed-upon text of the peace deal has been reached and Pakistan is now working closely with both sides to finalise the next steps,” he added. “Peace has never been this close as it is now.”

The statement marked the strongest indication yet that negotiations may be nearing conclusion, even as senior US and Iranian officials continued to publicly dispute key aspects of the proposed arrangement.

Earlier on Friday, Iranian Foreign Minister Seyed Abbas Araghchi said the proposed “Islamabad Memorandum of Understanding” had “never been closer,” while cautioning media outlets against speculating on its details at this stage.

The Islamabad Memorandum of Understanding has never been closer. Pending its finalization, the media should refrain from entering speculation about its content.

In line with our responsible and transparent approach, all details will be shared with the public in due course.…

— Commentary Syed Abbas Araghchi (@Araghchhi) June 12, 2026

“In line with our responsible and transparent approach, all details will be shared with the public in due course,” he said.

However, US President Donald Trump rejected Iran’s interpretation of the emerging agreement, accusing Tehran of misrepresenting the draft and saying its statements bore “no relation to the truth.”

“What they said, including their weak and pathetic statement on having a deal, bears no relation to the truth,” Trump wrote on Truth Social. “Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith.”

Trump had earlier announced that planned new strikes on Iran were being called off after a deal was reached, but subsequent remarks from Iranian officials appeared to diverge from Washington’s position.

A senior Iranian source told Reuters that the draft agreement includes the lifting of sanctions on Iranian oil exports, the unfreezing of billions of dollars in Iranian assets, and a cessation of hostilities on multiple fronts, including Lebanon.

Iranian state media further reported that under the proposed arrangement, Tehran would retain control over the Strait of Hormuz and would not commit to restoring conditions prior to the outbreak of conflict with the United States and Israel in February. The reports did not outline what concessions Iran would offer in return.

Washington has repeatedly maintained that any agreement must ensure Iran does not develop a nuclear weapon, while Tehran insists its nuclear programme is strictly peaceful.

DPM Dar discusses US–Iran understanding with Swiss FM, EU top envoy

Meanwhile, Pakistan’s Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar held separate telephone conversations with Swiss Foreign Minister Ignazio Cassis and EU High Representative/Vice President Kaja Kallas, according to the Foreign Office (FO), discussing recent developments on the United States–Iran understanding.

The FO said Ishaq Dar and Swiss Foreign Minister Cassis exchanged views on the regional situation and welcomed encouraging progress toward an understanding between Washington and Tehran.

Deputy Prime Minister / Foreign Minister Senator Mohammad Ishaq Dar @MIshaqDar50 spoke this evening with Swiss Foreign Minister Ignazio Cassis @IgnazioCassis.

The two leaders exchanged views on the regional situation and welcomed the encouraging progress toward an understanding… pic.twitter.com/S1vYTZcRsJ

— Ministry of Foreign Affairs - Pakistan (@ForeignOfficePk) June 12, 2026

The Swiss foreign minister appreciated Pakistan’s “leading mediating role” in supporting diplomatic engagement and its efforts to advance peace and stability in the region and beyond. Both sides agreed to remain closely engaged on future developments.

In a separate call, Ishaq Dar and EU High Representative Kaja Kallas also welcomed progress achieved through sustained diplomatic engagement and expressed hope for a durable understanding and peaceful resolution, according to a statement from the Deputy Prime Minister’s Office.

Deputy Prime Minister / Foreign Minister Senator Muhammad Ishaq Dar @MIshaqdar50 spoke today with EU High Representative/Vice President Kaja Kallas @kajakallas on recent developments regarding United States–Iran understanding.

Both sides welcomed the progress achieved through… pic.twitter.com/dzn4LW8sfX

— Ministry of Foreign Affairs - Pakistan (@ForeignOfficePk) June 12, 2026

Pakistan has emerged as a key facilitator in recent diplomatic efforts, hosting and coordinating engagement between the two sides during talks in April, and serving as a communication channel during recent exchanges as negotiations progressed.