In a statement, Donald Trump said that relief news for the world could come, claiming that a final deal between Iran and the United States may be signed on Sunday, June 14, and that the Strait of Hormuz would be opened for all.
The president said, “We hope this process will be completed very soon and in an easy way. However, he also added that if no deal is reached or not signed, then they still have a final option left.”
A senior official from the Trump administration said on Friday that if a deal is signed between Iran and the United States, then within 60 days “technical” negotiations will follow.
Iran and the United States have a draft agreement containing several points on which Iran must agree, such as ending its nuclear program, reopening the Strait of Hormuz, and the destruction of Iran’s enriched materials by the United States.
Pakistan has also said regarding this deal that an agreement between both countries is likely to be finalized on Sunday.
Pakistan’s Foreign Ministry, in a statement, said that the deal is expected to be confirmed on June 14.
Pakistan’s Foreign Ministry posted on X....
“Deputy Prime Minister / Foreign Minister Senator Mohammad Ishaq Dar @MIshaqDar50 held a telephone conversation today with the Foreign Minister of the Kingdom of Saudi Arabia, Prince Faisal bin Farhan @faisalbinfarhan.
They welcomed the US–Iran negotiations in their final stage, ning ceremony scheduled for tomorrow, and expressed the hope that this important development will contribute to lasting peace and stability in the region.
The Saudi Foreign Minister appreciated Pakistan’s consistent and sustained efforts in support of mediation and dialogue throughout the process.
Both sides also discussed the forthcoming Regional Four Foreign Ministers (R-4) meeting, scheduled to be held in Egypt later this month.”
Pakistan Prime Minister Shehbaz Sharif posted on X that a peace agreement could be reached within 24 hours.
According to a spokesperson of the Iranian Foreign Ministry, the deal will take place, but the signing location and final details are still not confirmed.
According to Iranian state media, Foreign Ministry spokesperson Esmail Baghaei said that the timing for signing a deal with the United States has not yet been decided.
Iran’s Foreign Minister Abbas Araghchi has also said that the agreement will be signed electronically.
On this, Pakistan’s Prime Minister posted on X that…
“We are closer to a peace deal than ever before. With finalisation likely expected in the next 24 hours, Pakistan is preparing for the electronic signing of the peace deal immediately after, followed by technical level talks next week.
We would like to thank United States of America and Islamic Republic of Iran for their ongoing commitment during the negotiations, and we extend our sincere appreciation to our brothers in the region for their support. We are confident that this historic peace deal will form a strong foundation for lasting peace
”
If the deal happens, first there will be a sharp fall in crude oil prices, and the removal of sanctions on Iran will increase the supply of oil in the international market, which will lead to a decrease in market prices.
People in India have been affected by this conflict, especially through rising petrol and diesel prices. If the war ends, oil supply to India is likely to improve, which could lead to a decrease in fuel prices, making petrol and diesel cheaper.
If sanctions on Iran are lifted, it could mark a new era in Middle East politics. Since Iran has one of the largest oil reserves in the world, it could become economically stronger.
This would be good news for the Indian rupee, as this conflict has put pressure on global markets and has already impacted the rupee.
Stability in energy prices is expected to bring positive momentum in Indian and global stock markets, leading to a bullish trend.
It includes a point that Iran will not develop nuclear weapons, which would put a brake on the ongoing race for nuclear weapons in Iran.
