ISLAMABAD (Urdu Times) A historic peace agreement has been reached between the US and Iran. Prime Minister of Pakistan Shahbaz Sharif, Deputy Prime Minister and Foreign Minister Ishaq Dar, and the military leadership will jointly host and supervise the official signing ceremony to be held at the Burgenstock Resort in Switzerland on June 19, 2026. The official announcement of the historic peace agreement was made by Pakistani Prime Minister Shahbaz Sharif in a statement released on the social networking website. The official signing ceremony of this agreement will be held at the Burgenstock Resort in Switzerland on June 19, 2026. Pakistan not only played an important role in this agreement but also expressed the hope that this peace agreement would pave the way for a solution to the long-standing political crisis in Yemen. Saudi Arabia has also praised the efforts of Pakistan and Qatar for this success.
\nUnder this agreement, which came after long and very delicate diplomatic efforts, the two countries have agreed to immediately and permanently end military operations on all fronts. Pakistan, Qatar, Saudi Arabia, and Turkey played a key role in reaching this ceasefire and peace agreement. However, according to the latest reports, the parties have activated it ahead of time through electronic signatures to immediately open the Strait of Hormuz. The main points of the agreement include the immediate and permanent end of military operations and the ceasefire on all regional fronts, including Lebanon.
\nThe Strait of Hormuz, the most important global sea passage, which has been closed since February 2026, will be opened to commercial ships within the next 30 days under an \u2018Iranian arrangement\u2019 without any tolls or fees. US President Donald Trump has also approved the immediate lifting of the naval blockade of Iran.
\nIran has reiterated its commitment that it will never develop nuclear weapons.
\nAt least $300 billion in investment funds will be provided to Iran to repair and rebuild the damage caused to it. In addition, half of Iran’s frozen funds will be restored immediately. US sanctions on Iranian oil and energy products are being suspended,
\nThe US has promised that it will not increase its military presence in the region and will not impose new sanctions.
\nDuring the ongoing G7 summit in France, all member countries, including French President Emmanuel Macron, have unanimously welcomed the agreement and said that it will end instability in the Middle East. As soon as the news of the peace agreement became public, the price of Brent crude in global markets fell by 3.8% to $84.02, while US crude fell by 4.1% to $81.40 per barrel. Global markets, including the US stock market and the Nasdaq, saw a huge jump on the hope of ending the energy crisis. Although this is a great success, US President Donald Trump warned that if the next phase of detailed negotiations within the next 60 days fails, the US may resume the bombing. On the other hand, Israeli Prime Minister Benjamin Netanyahu has indicated that he will continue his military objectives in Lebanon and Syria despite this agreement, which could pose serious challenges to this permanent ceasefire. Israeli Prime Minister Benjamin Netanyahu has clearly announced that he will continue his military objectives in Lebanon, Syria, and Gaza despite this peace agreement. Israel considers Iran\u2019s nuclear program and regional influence as a direct threat to itself, so any Israeli airstrikes at any time could destroy this entire peace process in seconds.
\nAfter the agreement is reached, several consultative meetings will be held in the next few days under the mediation process, which will provide the basis for technical negotiations and the official signing ceremony.
\nOn the other hand, President Asif Ali Zardari also welcomed the announcement of the memorandum of understanding between the US and Iran, calling it an important step towards establishing peace in the region.
\nPresident Zardari said in his statement that Pakistan has always been a supporter of negotiations, diplomacy, and peaceful resolution of disputes. He expressed the hope that this understanding will pave the way for a comprehensive and final agreement in the future and promote peace, stability, and prosperity in the entire region.
\nPolitical and diplomatic circles are considering this development as one of the most important diplomatic steps in the recent history of the Middle East, the impact of which may not only have an impact on regional politics but also on the global economy and energy markets. US President Donald Trump has warned that if comprehensive and final negotiations fail, the US may resume military bombing. Hardliners in the US Congress and the pro-Israel lobby are increasing pressure on President Trump not to grant more economic relief to Iran, which is jeopardizing the sustainability of the deal. Although Iran has agreed to a ceasefire, getting groups like Hezbollah in Lebanon and the Houthis in Yemen to fully abide by the ceasefire is a major challenge. A rocket attack or action by any subgroup could invite a US or Israeli response and nullify the entire agreement. Despite this historic agreement between the US and Iran, the establishment of lasting peace in the Middle East is still under serious threat. According to analysts, this ceasefire faces major challenges. US and Iranian naval ships will continue to face each other in the waters of the Gulf, where any misunderstanding or accidental firing will continue to pose a threat of a major war. United Nations (UN) Secretary-General Antonio Guterres has warmly welcomed the peace agreement between the US and Iran, calling it a “very important and historic step” towards ending the conflict in the Middle East. According to an official statement issued by UN spokesman Stephane Dujarric, the world body has called this development the foundation for lasting peace in the region. This historic peace agreement between the US and Iran is having a very positive, profound, and immediate impact on the Pakistani economy. Since Pakistan has been the \u201ccentral mediator\u201d in this diplomatic battle, the easing of tensions in the region has provided a major geopolitical relief to the country\u2019s economy. During February and April 2026, due to tensions on the Pakistan-Iran border and in the Middle East, crude oil prices in the global market had reached $120 per barrel, increasing Pakistan\u2019s monthly oil import bill from $300 million to $800 million. With the announcement of the agreement, Brent crude prices have fallen to $84 per barrel, which will immediately save Pakistan $3.0 to $3.5 billion in its annual energy import bill. This is an \u201coxygen\u201d for the country\u2019s economic stability. The lifting of the war cloud in the region has seen a huge jump in the Pakistan Stock Exchange index (KSE-100). The market, which had fallen 14 percent from its peak due to geopolitical tensions, is now recovering rapidly as investors re-activate. The pressure on the Pakistani rupee in the interbank market has immediately eased on hopes of lower oil import costs. The rupee is strengthening against the US dollar, which will make imported raw materials cheaper and reduce the production costs of local industries. The Ministry of Finance, in its recent “Fiscal Risk Statement” presented in Parliament, had warned that Pakistan’s budget deficit could increase to 0.8 percent of GDP if oil prices remain high in the global market. The fall in oil prices after this agreement will reduce the pressure on the government to pay petroleum subsidies and make it easier to achieve budget targets. With the prospect of easing US sanctions, there is hope that the hanging sword of fines and diplomatic hurdles on the “Pak-Iran Gas Pipeline” project will be removed. The government had cut the price of petrol by Rs 4 and diesel by Rs 2 last week (June 13, 2026). However, the possible scenario for the next price hike after the current global crash could be as follows: According to petroleum market data, global petrol prices have recorded a major decline of about $10 per barrel, while diesel prices have fallen by $18 per barrel. In Pakistan, the local ex-refinery cost of petrol has come down from Rs 245 to Rs 224.99, and the cost of diesel has come down from Rs 304 to Rs 268.96 per liter. Prime Minister Shehbaz Sharif has issued clear instructions to the concerned authorities to immediately pass on the full benefit of the global market crash to the people.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD (Urdu Times) A historic peace agreement has been reached between the US and Iran. Prime Minister of Pakistan Shahbaz Sharif, Deputy Prime Minister and Foreign Minister Ishaq Dar, and the military leadership will jointly host and supervise the official signing ceremony to be held at the Burgenstock Resort in Switzerland on June 19, 2026. […]<\/p>\n","protected":false},"author":4,"featured_media":90360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,57],"tags":[],"class_list":["post-90362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","category-57"],"_links":{"self":[{"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=\/wp\/v2\/posts\/90362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=90362"}],"version-history":[{"count":1,"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=\/wp\/v2\/posts\/90362\/revisions"}],"predecessor-version":[{"id":90363,"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=\/wp\/v2\/posts\/90362\/revisions\/90363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=\/wp\/v2\/media\/90360"}],"wp:attachment":[{"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=90362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=90362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyurdutimes.com.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=90362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}