WASHINGTON, June 13 -- Pakistan, the mediator that has spent the last two months running shuttle diplomacy between Washington and Tehran, confirmed on Friday that the United States and Iran had reached a final agreed text of a peace deal intended to formally end the 100-day war and reopen the Strait of Hormuz to commercial shipping. Iranian foreign minister Abbas Araghchi told state media that a memorandum of understanding could be signed within one to two days, with the final missing piece reportedly a sign-off from Supreme Leader Ayatollah Ali Khamenei. The Trump administration put its own confidence in the signing at 80 to 85 percent. Global markets are already moving as if the deal is more likely to close than not.

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