Pakistan's Prime Minister Confirms Agreement on US-Iran Peace Deal

Pakistan's Prime Minister Shehbaz Sharif announced that a final text of a peace deal between the United States and Iran has been agreed upon. He stated that Islamabad is collaborating with both nations to finalize the next steps. US President Donald Trump shared a post from Iranian Foreign Minister Abbas Araqchi, who indicated that a memorandum of understanding to end the Iran war is closer than ever. A senior official from the Trump administration described the emerging deal as 'performance-based,' stating that Tehran will not receive access to its frozen assets until it fulfills its obligations under the agreement. Trump dismissed Iranian media reports of an imminent deal as 'fake news,' asserting that they do not reflect the terms agreed upon by Washington. Reports suggest that the agreement may involve Iran's control of the Strait of Hormuz and delayed discussions regarding its nuclear program. Israeli Prime Minister Benjamin Netanyahu expressed his full agreement with Trump on preventing Iran from acquiring nuclear weapons. Meanwhile, Hezbollah reported confrontations with Israeli forces in southern Lebanon, claiming to have forced them to retreat. The Israeli military stated it struck 310 Hezbollah targets in the region over the past week. Following Trump's announcement of a potential peace deal, global oil prices fell to their lowest levels since the onset of the Iran crisis, with Brent crude dropping from approximately $93 a barrel.