PM Sharif Claims Pakistan's Key Role in Iran Deal
Pakistan will host a ceremony in Geneva to mark the peace agreement between the United States and Iran, according to Prime Minister Shehbaz Sharif. In his speech to parliament, Sharif called the agreement a significant milestone, as the two countries agreed to a permanent end to the war, including easing tensions related to Lebanon.
Sharif gave significant credit to Pakistani Army Chief Asim Munir, who he said played a significant role in the diplomatic process. He also praised Foreign Minister Ishaq Dar and Interior Minister Mohsin Naqvi's involvement in communications with the Iranian leadership. The signing ceremony is scheduled for Friday.
Pakistan's role is crucial because the US-Iran conflict has previously raised the risk of a global economic slowdown. The blockade of the Strait of Hormuz has driven up prices for key commodities, including oil and fertilizer, adding to inflationary pressures and weighing on the outlook for global monetary policy.
Islamabad has reportedly put forward a 15-point action plan to help bridge the differences between Washington and Tehran. Pakistan had also emerged as a potential location for talks ahead of President Donald Trump's deadline for Iran.
Strategically, Pakistan has a strong incentive to push for a resolution to the conflict. The country is vulnerable to energy shortages, so reopening Hormuz and reducing oil supply risks could help alleviate domestic pressure. For global markets, Pakistan's mediation role strengthens the de-escalation narrative, but the focus remains on the formal details of the agreement, the implementation of the Hormuz reopening, and the direction of the Iran nuclear negotiations in the next 60 days. (Arl)
Source: Newsmaker.id
