Pakistan reports US and Iran nearing initial peace agreement

Pakistan, serving as a mediator, has indicated that the United States and Iran are close to finalizing an initial peace agreement to conclude their three-month conflict. The proposed deal reportedly includes the US unfreezing Iranian assets and lifting oil sanctions, while Iran would ensure the Strait of Hormuz remains open. This development emerges despite ongoing military engagements in the Strait, which have impacted global energy markets and contributed to humanitarian issues.