- Preliminary deal reached between the US and Iran to end the conflict, with the signing of a memorandum of understanding scheduled.
- Pakistan mediated a U.S.-Iran peace deal, which is set to be signed in Switzerland. The deal involves Iran clearing mines in Hormuz, causing market shifts.
Amid the closure of the Strait of Hormuz, the unnamed body mediated the Islamabad Agreement, leading to declarations about future price returns based on past incursions.
1 report, 1 independent
Updated Jul 2
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What happened
Amid the closure of the Strait of Hormuz, the unnamed body mediated the Islamabad Agreement, leading to declarations about future price returns based on past incursions.
Who's involved
What this event is mainly aboutKeep exploring
Part of
Pakistan mediated a U.S.-Iran peace deal, which is set to be signed in Switzerland. The deal involves Iran clearing mines in Hormuz, causing market shifts.Also in this story
- Global oil benchmarks fell after the US-Iran peace deal was reached, which the International Energy Agency is monitoring.
- A peace deal involving Iran and the US is being confirmed, leading to market shifts and financial analysis.
- While preparing for the G7 summit in Evian, Trump insists a deal could potentially re-open the Strait of Hormuz.
The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Shehbaz Sharif
Prime Minister of Pakistan (2022–2023; 2024–present)
- Talks are underway focusing on Iran's nuclear program and sanctions, involving the US, Israel, and Iran, with Pakistan's PM mediating the negotiations.
- A committee is questioning the Federal Board of Revenue regarding serious tax evasion and smuggling issues, including an absconding customs official.
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American Automobile Association
federation of motor clubs throughout the USA and Canada
Related events
- Claims of successful military actions against Iran are reported, leading to a strait closure that impacts global oil markets.
- Instability in the Middle East is causing global trade threats, while Shehbaz Sharif addresses the specific issues of the Kashmir dispute and the Indus Waters Treaty.
- Trump confirmed a US-Iran peace deal, with Pakistan's PM reporting the agreement.
- Iran proposed opening the Strait of Hormuz for commercial shipping.
- Trump's attacks led to Iran retaliating by cutting off vital shipping lane access through Hormuz, causing oil price hikes.