Pakistan claims US and Iran finalised peace text; Trump says signing possible this weekend as oil slides
Pakistani Prime Minister Shehbaz Sharif announced that Washington and Tehran have agreed on a final peace text, while President Trump said the deal could be signed in Europe within days and oil prices fell sharply on hopes of an end to the conflict.
The announcement from Islamabad
Sharif wrote on social media that an "ostateczny, uzgodniony tekst porozumienia pokojowego" (final, agreed text of the peace agreement) between the United States and Iran had been reached. He stated that Pakistan was working closely with both sides to complete the next steps. Sharif also warned against what he called a persistent disinformation campaign by those seeking to sabotage the deal, adding: "Pokój nigdy nie był tak bliski jak teraz." (Peace has never been so close as now.)
Reaction from Tehran and Washington
Iranian Foreign Minister Abbas Araghchi struck a similarly cautious but optimistic note, saying a memorandum of agreement was "nigdy nie było bliższe" (never been closer). He urged media to refrain from speculation until the deal is finalised, promising that all details would be disclosed in due time.
All details will be disclosed to the public at an appropriate time.
US President Donald Trump announced on Thursday evening that he had reached an "excellent" agreement, claiming it had the consent of Iranian leader Mojtaba Chamenei, though Tehran has not officially confirmed that. On Friday, Trump accused Iran of leaking inaccurate terms to "lying media," saying the published details did not match what was negotiated and that Tehran was not acting in good faith. He later said the deal could be signed as early as this weekend in Europe.
The road to a truce
A shaky ceasefire has been in place since 8 April in the war that began on 28 February, pitting the US and Israel against Iran. Despite the truce, exchanges of fire continued and intensified in recent days. The first and only direct high‑level talks took place in Islamabad in early April, giving rise to the term "porozumienie z Islamabadu" (Islamabad agreement) used by Araghchi. Pakistan has continued to act as mediator.
- USA and Israel open military operations against Iran; the war begins.
- A shaky ceasefire takes effect between the US-led coalition and Iran.
- First direct high-level negotiations between US and Iranian officials held in Islamabad, Pakistan.
- President Trump announces an “excellent” agreement, saying Iran’s leader Mojtaba Chamenei has consented.
- Pakistan PM Sharif confirms final text; Iranian FM says deal never closer; Trump says signing possible this weekend.
- Oil prices drop more than 3% – Brent to $87, WTI to $84 – their lowest since early March.
What is on the table according to media reports
Reports in Iranian and Western media suggest the deal would extend the ceasefire to include the fighting between Israel and Hezbollah in Lebanon, open the Strait of Hormuz blocked by Iran, release part of Iran's frozen assets held in the West, and allow 60 days to negotiate a final agreement on Tehran's nuclear programme. Vice President J.D. Vance stressed that Iran would not receive the frozen funds merely for signing or attending a meeting, but only after fulfilling its obligations.
Oil markets react
Crude prices slid on Friday evening, with Brent falling more than 3% to $87 per barrel and WTI dropping by a similar margin to $84. Both benchmarks hit their lowest levels since early March, reflecting market optimism that a diplomatic resolution would ease supply risks in the Gulf region.
