PM Shehbaz says both sides have declared immediate termination of military operations on all fronts; Iran's deputy FM says talks to be held within two months to seek a “final agreement”.
“Under the Iran nuclear deal that President Obama negotiated, Iran retained a limited nuclear capacity to be used for civilian purposes with intense long-term verification,” says expert.
The proposed agreement is emerging as an armistice plus framework essentially prepared to stop escalation, reopen the Strait of Hormuz and create a structured negotiating process for unresolved disputes.
PES 2025-26 reports "historic" primary surplus and multi-year-high reserves; on flipside, poverty climbed to 28.9pc in 2024-25 and April inflation hit 10.9pc.
At UNSC, Pakistan's envoy says “events of the last few days have amply underscored the fragility of the situation, the risk of escalation and the need for diplomatic efforts to come to fruition".
Field Marshal Munir is the only international figure who has made two visits to Iran at the height of the crisis to persuade its political, military and diplomatic leadership, facilitate an enduring ceasefire and encourage progress on complex contentious issues.
Both sides accuse the other of violating the truce that was supposed to halt the conflict in April, yet neither appears willing to abandon negotiations altogether.
