US-Iran Peace Deal Announced by Pakistani PM Shehbaz Sharif, Welcomed Globally

On June 14, 2026, Pakistani PM Shehbaz Sharif declared a peace deal between the US and Iran, with a signing ceremony scheduled for June 19. The agreement includes the termination of military operations, including those in Lebanon. The deal is expected to reopen the Strait of Hormuz to international shipping, which has already led to a drop in oil prices and a rally in global stocks. World leaders, including Germany, the UK, France, Italy, and Qatar, have publicly welcomed the announcement. The move is seen as a significant shift in regional dynamics, potentially reducing tensions and stabilizing global energy markets. The exact terms of the deal remain undisclosed, though sources indicate it involves a mutual commitment to cease hostilities and restore maritime access. The event has been covered by multiple outlets, with no significant divergence in the reported facts. All sources concur on the key points of the announcement and its immediate economic impact.