Pakistan says US-Iran deal to be signed within 24 hours

Pakistan's Prime Minister Shehbaz Sharif announced on May 10, 2024, that a deal between the United States and Iran was set to be signed within 24 hours. This agreement is expected to include the reopening of the Strait of Hormuz as part of an extended ceasefire. Sharif made these remarks during a press conference following a meeting with Iranian President Ebrahim Raisi in Islamabad. The details of the US-Iran agreement were not fully disclosed, but Sharif indicated that it would significantly impact regional stability. The Strait of Hormuz is a critical chokepoint for global oil supplies, with approximately 20% of global petroleum liquids passing through it annually. The potential reopening suggests a de-escalation of tensions in the Persian Gulf region. This development follows months of indirect negotiations and heightened geopolitical concerns. The specific terms of the ceasefire extension and its duration were not immediately available, but the announcement signals a potential shift in diplomatic relations between the two nations and their allies. Sharif emphasized that Pakistan supports any initiative that promotes peace and security in the region.