First Real Breakthrough? Iran Says Deal Is 'Closer Than Ever' In Unexpected First, Oil Prices Tumble
by Tyler Durden
Friday, Jun 12, 2026 - 11:05 AM
Pakistan PM Sharif: "we can confirm that a final, agreed upon text of the peace deal has been reached & Pakistan is now working closely with both sides to finalize the next steps."
Surprise, surprise: Iran FM says sides "have never been closer and pending its finalisation, the media should refrain from entering speculation about its content, details to be shared in due course."
Trump on Truth Social rejects Iran's version of MoU terms (below): "What they said, including their weak & pathetic statement on having a deal, bears no relation to the truth."
Tehran: "Contrary to what is being circulated by Western media, Iran will not commit to relinquishing control of the Strait of Hormuz."
CNN speculates (prematurely, it seems) on Geneva signing of 'Islamabad Declaration' as soon as Sunday or next week.
https://www.zerohedge.com/geopolitical/us-iran-deal-near-narrative-returns-tehran-refuses-surrender-hormuz-leverage