Live Updates: "Final, agreed upon text" of U.S.-Iran peace deal has been reached, Pakistan says

Pakistan’s Prime Minister Shehbaz Sharif stated on Friday that a 'final, agreed upon text' of a U.S.-Iran peace deal has been reached, with Pakistan now working closely with both nations to finalize next steps. He described peace as 'never this close.' Iran’s Foreign Minister Hossein Amir-Abdollahian echoed this sentiment, saying an agreement with the U.S. 'has never been closer' and that details of a memorandum of understanding would be shared publicly 'in due course.' A senior U.S. administration official, speaking anonymously, outlined key terms of the tentative deal. It would reopen the Strait of Hormuz and lift the blockade, dismantle Iran’s nuclear program, and ensure enriched uranium is destroyed on-site and removed from the country. The agreement also includes a long-term inspection regime to enforce compliance and guarantee regional peace, preventing Iran from funding terrorist violence. Economic relief would only follow if Iran meets its obligations, the official said, noting divisions among Iranian hardliners and leaders over the deal. U.S. Vice President J.D. Vance dismissed rumors of cash payments to Iran, clarifying that no funds would be released simply for signing the deal. He emphasized the agreement prioritizes U.S. and allied concerns, with economic benefits conditional on Iranian compliance. Vance called the deal a potential 'game-changer' for regional stability, stating President Trump would secure a favorable outcome. Former President Donald Trump reshared Iran’s foreign minister’s post on Truth Social, amplifying the message that an agreement with the U.S. 'has never been closer.' The official stressed the deal remains unfinished, cautioning optimism while negotiations continue. The administration insists the framework is structured to address U.S. security priorities, including nuclear proliferation and regional tensions.