Pakistani Prime Minister Shehbaz Sharif said in a social media post at local time on June 13 that the U.S.-Iran peace agreement is “closer than ever,” is expected to be finalized within the next 24 hours, and Pakistan has already begun preparations for a remote electronic signing immediately after the agreement is reached. The technical-level negotiations are planned to begin next week. If this agreement is approved, it will lift the Middle East geopolitical gloom that has been weighing on risk assets since February of this year, opening a loosened gap.
(Background: Next 48 hours: Iran-U.S. negotiations for a ceasefire, Russia-Ukraine ceasefire, Tuesday’s Israel-Lebanon dialogue in Washington)
(Background information: Reports say Israel may launch a “preemptive” military attack on Iran! Bitcoin suddenly drops below $65,000, and market panic sentiment surges)

Key Takeaways

Pakistani Prime Minister Shehbaz Sharif said the U.S.-Iran peace agreement is “highly likely” to be finalized within the next 24 hours
Pakistan has already arranged for an immediate “remote electronic signing” right after the agreement is reached, with technical negotiations scheduled for next week
Iranian Foreign Minister Araghchi confirmed that the first phase will be signed electronically remotely, and it is judged that it may happen within a few days

After nearly half a year of U.S.-Iran negotiations, it may be concluded within these 24 hours. On June 13 at local time, Pakistani Prime Minister Shehbaz Sharif posted on X, saying that the U.S.-Iran peace agreement is “closer than ever,” and that it is “very likely” the final text will be finalized within the next 24 hours. He also revealed that Pakistan is actively preparing so that once the agreement is reached, electronic signing will be initiated immediately, while detailed discussions on the technical aspects are scheduled for next week.

It is Pakistan that plays the role of mediator. Shehbaz Sharif had just announced the day before (the 12th) that Iran and the U.S. had reached agreement on the final text of the peace agreement, and that Pakistan is working closely with both sides to finalize the next steps. Deputy Prime Minister and Foreign Minister Ishaq Dar will also depart for Geneva, Switzerland, to continue pushing forward the mediation efforts.

From “reaching consensus on the text” to “preparing the electronic signing,” diplomatic progress seems to change day by day, at a pace that is rather unusual.

Iran Foreign Minister: First phase to be signed remotely by electronic means

Iran has also signaled its flexibility. Iranian Foreign Minister Abbas Araghchi said that once the final-stage talks are completed, the memorandum of understanding will be signed and published immediately, and that “the first phase will be signed remotely by electronic means.” He believes this may happen within the coming days.

If the agreement really takes effect within 24 hours, it would effectively clear away the months of uncertainty hanging over the market. But between the countdown in words and the formal signing, there are often several “next weeks.”

Frequently Asked Questions

When will the U.S.-Iran peace agreement be signed?

Pakistan’s Prime Minister Shehbaz Sharif said the agreement is expected to be finalized within 24 hours, and Pakistan has prepared to conduct an immediate remote electronic signing after the agreement is completed. Iranian Foreign Minister Araghchi said the first phase will be signed remotely by electronic means and may happen within a few days; technical talks will begin next week.

What impact will U.S.-Iran negotiations and peace have on the cryptocurrency market?

Since February of this year, Middle East geopolitical conflict has been one of the main reasons for suppressing risk assets. At that time, the Iran-U.S. conflict caused Bitcoin to fall below $65,000. If the peace agreement is implemented, it would remove a source of uncertainty that has weighed on the market for months, helping risk sentiment stabilize, but actual market movements still need to be watched based on the signing progress.

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