US and Iran Signal Imminent Peace Agreement as Negotiations Accelerate
The United States and Iran have indicated significant progress toward a peace agreement, with a senior US administration official confirming that a mutually agreeable text is in place. This development comes as Iran’s decision-making bodies convene to discuss the proposed memorandum, according to a spokesperson from the Iranian foreign ministry.
Pakistan’s Role in Brokering Peace
Pakistan has actively sought to mediate a resolution between the two nations, announcing that a final text of the peace agreement has been reached. Prime Minister Shehbaz Sharif stated on social media platform X that Pakistan is collaborating closely with both the US and Iran to finalize the next steps in the negotiation process.
Controversy Over Leaked Terms
Leaked details regarding the memorandum have sparked controversy, particularly among US officials. President Donald Trump criticized the leaked terms, asserting that they do not reflect the actual agreement reached. He described the leaked comments as inaccurate and stated, “The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing.” Trump further characterized the Iranian negotiators as “very dishonorable people to deal with.”
Despite this, Trump later shared a post from Iranian Foreign Minister Abbas Araqchi, who claimed that the memorandum to end the war had never been closer. Araqchi cautioned against speculation regarding the contents of the agreement until it is finalized.
Key Provisions of the Proposed Agreement
According to sources familiar with the negotiations, the agreement would entail the US providing Iran with billions of dollars in unfrozen assets and lifting sanctions on Iranian oil exports in exchange for Iran’s commitment to open the Strait of Hormuz. Discussions surrounding Iran’s nuclear program would be postponed for a 60-day period, during which talks on a final settlement would take place. Additionally, there would be discussions regarding war reparations to Tehran and the removal of longstanding demands for restrictions on Iran’s missile program.
While previous US demands included the relinquishment of Iran’s stockpile of highly enriched uranium, reports indicate that this demand has been excluded from the current negotiations. A senior US official, however, stated that the uranium stockpile “will be destroyed and removed,” and that Iran’s nuclear program would be dismantled. The official emphasized that no funds would be released to Iran until it fulfills its obligations under the agreement.
Exclusion of Israel from Negotiations
A Western source indicated that if agreement on the language can be reached, the memorandum could be signed as early as Sunday by Vice President JD Vance and Iran’s parliament speaker, Mohammad Baqer Qalibaf, with Geneva being considered the most likely venue for the signing. Despite its involvement in the conflict, Israel has been excluded from the negotiations. Prime Minister Benjamin Netanyahu has stated that Israel will not be a party to the memorandum.
Netanyahu has publicly clashed with Trump over US demands that Israel limit military actions in Lebanon to facilitate a deal with Tehran. Israel’s defense minister has asserted that the country will not withdraw from its territory in Lebanon, and a senior Israeli official has expressed expectations that any agreement will maintain the current ceasefire in Lebanon, allowing Israel to act against perceived threats.
Market Reactions and Political Implications
The potential for a peace agreement has led to notable market reactions. Following Trump’s announcement, global stock markets rallied, while oil prices fell significantly, with Brent crude prices dropping over 3% to their lowest levels in nearly two months. The ongoing conflict has posed a political challenge for the White House, as polls indicate declining approval ratings for Trump amid public dissatisfaction over rising gasoline prices.
Some Republican lawmakers are concerned that the unpopularity of the war could jeopardize their control in the upcoming midterm elections. However, many within the party maintain hawkish stances on Iran, complicating the endorsement of any agreement perceived as yielding concessions.
Tehran has consistently maintained that its nuclear program is peaceful. In 2015, Iran accepted stringent limitations on its nuclear activities in exchange for the lifting of sanctions under an agreement with then-President Barack Obama. Trump withdrew from that agreement in 2018, prompting Iran to accelerate its uranium enrichment efforts, producing over 400 kg (approximately 900 pounds) of material at near weapons-grade purity.
As reported by www.arnnewscentre.ae.
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Published on 2026-06-12 19:03:00 • By FAME Delivered News Desk