A historic memorandum of understanding between the United States and Iran is expected to be signed virtually on Sunday, potentially ending ongoing conflict. The agreement will be formalized with the presence of mediators from Pakistan and Qatar. Pakistani Prime Minister Shahbaz Sharif announced via social media that the parties are closer than ever to a peace agreement, anticipating further details within 24 hours. The deal aims to de-escalate tensions, though specific terms remain undisclosed. This development signals a possible shift in regional dynamics, particularly concerning the strategically vital Strait of Hormuz. The agreement’s success hinges on full implementation by both nations and continued mediation efforts. Further announcements are anticipated to clarify the scope and impact of the agreement.