Pakistani Prime Minister, Shehbaz Sharif, revealed the successful mediation efforts in reaching a historic peace agreement between the United States of America and the Islamic Republic of Iran. Sharif clarified that this agreement is the fruit of intensive and complex discussions, where both parties pledged an immediate and permanent cessation of all military and hostile activities on all active fronts, with explicit mention of the de-escalation encompassing the Lebanese arena.
The Swiss capital is scheduled to host the official signing ceremony of this memorandum on the nineteenth of June, with high-level international attendance. Informed sources indicated that mediators will work over the next few days to facilitate a series of technical and political meetings to ensure the smooth implementation of the agreement and to establish the necessary mechanisms for monitoring adherence to the terms of the comprehensive de-escalation.
For its part, the Iranian Ministry of Foreign Affairs affirmed that its acceptance of the memorandum of understanding came only after ensuring the inclusion of all Tehran's fundamental demands within the final text of the agreement. The Iranian Deputy Foreign Minister stressed that his country does not base its positions on absolute trust in the American side, but rather on tangible guarantees, emphasizing that Tehran will retain the right to respond and take sovereign measures in the event of any field violations by the other party.
Regarding the immediate economic and field consequences, media sources reported the commencement of procedures to end the naval blockade imposed by the United States on Iranian ports starting from the night of the announcement. Negotiations between the two sides are expected to continue for an additional 60 days after the official signing, with the aim of drafting a final and comprehensive agreement that addresses all outstanding issues between the regional and international powers.
Globally, the announcement caused a positive shock in international markets, with oil prices recording a significant decline of more than 3% immediately after the news of the de-escalation spread. Observers believe that this agreement may pave the way for a redefinition of security balances in the Middle East, especially with the explicit text on ending military operations on various fronts associated with the Iranian-American conflict.
Tehran's approval of the memorandum of understanding came after the inclusion of its final demands in the text, and Iran's military power contributed to finalizing the agreement.
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Surprise Ceasefire Agreement Between Tehran and Washington Mediated by Pakistan