News
Pakistan Signals Near-Completion of US-Iran Peace Deal as Negotiations Intensify
Pakistan’s Prime Minister Shehbaz Sharif said on Saturday that a proposed peace agreement between the United States and Iran was closer than ever to being finalised, with expectations that it could be completed within 24 hours. His remarks came amid heightened diplomatic activity involving multiple regional and international actors working to bridge long-standing differences between Washington and Tehran.
Iranian state media reported on Sunday that Tehran had not yet reached a final decision on the draft agreement aimed at ending tensions between the two countries. The uncertainty followed a series of statements suggesting that progress had accelerated significantly in recent days.
US President Donald Trump also indicated on Saturday that a deal was within reach, echoing optimism from mediators involved in the process, including Pakistan. In a post on his Truth Social account, Trump stated that the agreement was scheduled for signing the following day. He added that once completed, the Strait of Hormuz would be opened for unrestricted passage.
“Hopefully, this process will all work out quickly, easily, and smoothly. If it doesn’t, we have the ultimate alternative, hopefully never to be used again,” Trump said, while also emphasizing that the arrangement would prevent nuclear escalation.
Prime Minister Shehbaz Sharif, speaking earlier on Saturday, described the situation as being at its closest point to resolution. He said Pakistan was preparing for an electronic signing ceremony once final agreement was reached. According to his statement on X, technical-level discussions would continue in the days following the signing to ensure implementation of the deal’s provisions.
Diplomatic engagement continued on Sunday when a Qatari delegation arrived in Tehran. According to Iran’s Tasnim news agency, the delegation’s purpose was to review the latest developments related to the ongoing diplomatic process and maintain momentum in negotiations.
Central to the proposed agreement is Iran’s commitment to fully reopen the Strait of Hormuz, a critical maritime passage for global oil and gas shipments. Another key condition involves curbing Tehran’s nuclear program, which has been a longstanding point of contention in its relations with Western powers.
While optimism has grown among mediators, Iranian authorities have not confirmed final approval, leaving the outcome uncertain. Negotiations are expected to continue as involved parties attempt to resolve outstanding issues and move toward formal agreement.
News
Iran Says Hormuz Can Reopen Within Seven Days as Oil Exports Come Under Pressure
Iran’s military said it retained full control of the Strait of Hormuz on Monday, while Foreign Minister Abbas Araghchi said the strategic waterway could be fully reopened within seven days if Tehran’s conditions were met and hostile measures against the country were lifted.
The statements came as Iran faced growing economic pressure, with the rial falling to record lows, Oil Minister Mohsen Paknejad resigning and the United States claiming that Tehran had not loaded any crude onto tankers during September.
Brigadier General Aziz Jafari, commander of Iran’s Khatam al-Anbiya Joint Air Defence Headquarters, said all movements through the Strait remained under the control of the Iranian armed forces despite changes in US tactics.
“All movements (in Hormuz) are under the control of the armed forces of the Islamic Republic,” Jafari said.
US Treasury Secretary Scott Bessent said on Thursday that Iran had not loaded crude oil onto tankers during September, arguing that the Trump administration was targeting Tehran’s main source of revenue.
Iranian President Masoud Pezeshkian acknowledged in August that restrictions were disrupting oil exports, saying the country had previously been able to sell oil but was now unable to do so at the same level.
Paknejad’s resignation was officially attributed to family and personal matters. However, his departure came amid speculation about the impact of reduced oil exports on government finances. Before his resignation was announced, Paknejad said in a video carried by Iranian media that revenue from oil already sold would be collected and that the process would continue.
The acting oil minister has pledged to maximise production and maintain exports through new strategies.
Despite pressure on Iranian exports, oil shipments from other parts of the region remained high. Ship-tracking company Kpler estimated crude exports from the region excluding Iran at between 19.5 million and 22.5 million barrels per day during the final week of September, compared with a pre-war regional average of about 18 million barrels per day.
Iran’s currency has also come under severe pressure. The euro rose above 300,000 tomans on the informal market, while the US dollar reached 270,000 tomans, more than double its level of about 135,000 tomans at the beginning of the year. One toman is equal to 10 rials.
The UK Maritime Trade Operations agency reported at least one attack each day in the Strait of Hormuz or the Gulf of Aden since October 2.
Araghchi told foreign ambassadors in Tehran that the conflict could not be resolved militarily and called for negotiations based on fairness. He warned that any renewed military confrontation would trigger a stronger Iranian response.
Parliament Speaker Mohammad Bagher Ghalibaf said Tehran had received US proposals through intermediaries but rejected what he described as one-sided demands.
He said the Strait would remain closed until Iran’s seven conditions, based on the Islamabad memorandum, were met.
News
SpaceX crew reaches International Space Station in record US transit
News
Trump, Vance begin midterm campaign push as Republicans confront economic concerns
-
Entertainment2 years agoMeta Acquires Tilda Swinton VR Doc ‘Impulse: Playing With Reality’
-
Sports2 years agoChina’s Historic Olympic Victory Sparks National Pride Amid Controversy
-
Business2 years agoSaudi Arabia’s Model for Sustainable Aviation Practices
-
Business2 years agoRecent Developments in Small Business Taxes
-
Home Improvement2 years agoEffective Drain Cleaning: A Key to a Healthy Plumbing System
-
Politics2 years agoWho was Ebrahim Raisi and his status in Iranian Politics?
-
Sports2 years agoKeely Hodgkinson Wins Britain’s First Athletics Gold at Paris Olympics in 800m
-
Business2 years agoCarrectly: Revolutionizing Car Care in Chicago
