Pakistan’s prime minister says the “text of the US Iran Deal has been reached” — though a senior Trump administration official told CNBC the US is not “100%” confident that the agreement will be signed at all.
That is where we stand this morning. The text exists. Both sides have seen it. But neither has officially signed it yet.
CBS News confirmed key mediator Pakistan has said a “final, agreed upon text” of a US-Iran deal has been reached, though there was no immediate confirmation from Washington or Tehran.
What Trump Said vs What Iran Said
Trump announced on Thursday he had “settled the war with Iran” and cancelled planned strikes. He said a signing could happen “maybe over the weekend in Europe” with Vice President JD Vance attending.
Iran pushed back. Iran’s Foreign Ministry spokesperson Esmail Baghaei told state media that reports of a finalized agreement were “merely speculation” and that Tehran had not yet made a final decision. He added: “The Americans kept changing their positions.”
CNBC confirmed a senior White House official put the odds at around 80 to 85%. “I maybe would have said 75% this morning. It’s probably more like 80-85% now,” the official said.
So we are at 85% certainty. Not 100%. Close but not done.
What Is Actually in the Deal
The US and Iran could sign a deal that includes reopening the Strait of Hormuz and taking steps to dismantle Iran’s nuclear program in the coming days, as CNBC reported.
Iran’s Mehr News Agency reported 14 provisions in the draft deal, including commitments from the US on sanctions relief and frozen assets. Trump disputed some of those reported terms.
NBC News confirmed that Iranian officials said the “final stages” of internal deliberations were underway — with sources telling NBC that the final missing piece is a sign-off from the country’s Supreme Leader.
Pakistan Made This Happen
Let me be clear about something that international media is not emphasizing enough. Pakistan brought the US and Iran to the table.
Wikipedia’s Iran-US negotiations article confirms that following the announcement of a two-week ceasefire, initial US-Iran talks in Pakistan in April failed to reach a peace deal. But Pakistan kept pushing — and the ms.now live blog confirmed Pakistan says the deal text is now agreed, with only the signing left to finalize.
This is Pakistan’s biggest diplomatic achievement in decades. Not since Pakistan’s role during the Soviet-Afghan war has Islamabad been at the center of such high-stakes international negotiation.
Whether you support this government or not, the mediation between two countries that have not spoken directly since 1979 is a significant accomplishment for Pakistan’s foreign service and military leadership.
For the full background on Pakistan’s role throughout this conflict, see our earlier coverage of how Pakistan mediated US-Iran peace talks and the 60-day ceasefire framework.
What This Means for Your Wallet
If the deal is signed this weekend, the effects will hit Pakistan within days.
Petrol: Already down to Rs373.78 from today — the fifth straight weekly cut. A signed deal could push prices down another Rs10 to Rs15 in coming weeks as global oil markets calm.
Gold: Already crashed Rs9,720 last Thursday. A signing could push gold below Rs400,000 per tola for the first time in months.
Electricity: If LNG supply through the Strait of Hormuz is restored, the Rs1.74 per unit fuel adjustment could be reversed in future billing cycles.
PSX: The Pakistan Stock Exchange could rally significantly on Monday if a deal is confirmed over the weekend.
What Could Still Go Wrong
ABC News confirmed the US military shot down multiple Iranian attack drones near the Strait of Hormuz on June 13 — even as momentum for a peace deal was reportedly building.
RFE/RL reported the US military downed Iranian drones even as deal momentum built — a reminder of how fragile this moment is. One miscalculation from either side could collapse the entire agreement.
What Happens Next
Watch for two things this weekend: a possible signing ceremony in Europe, and Iran’s Supreme Leader Mojtaba Khamenei’s official response.
24PakTimes will update this story the moment a signing is confirmed or denied.
