US and Iran Reach Draft Agreement Mediated by Pakistan, Promising Ceasefire and Sanctions Relief
The United States and Iran have reportedly reached a draft agreement mediated by Pakistan, as reported by Iran's ILNA news agency. The agreement, expected to be announced soon, includes an immediate and comprehensive ceasefire on all fronts, mutual commitments to refrain from targeting infrastructure, and guaranteed freedom of navigation in the Persian Gulf and the Strait of Hormuz. The draft also outlines a gradual lifting of U.S. sanctions in exchange for Iran's compliance with the terms of the deal. Additionally, negotiations on outstanding issues are set to begin within seven days. This development has positively impacted market sentiment, with stocks rising and oil prices falling. 
