The “Islamabad Memorandum of Understanding” agreement signed between the US and Iran is not only being considered a turning point in the relations between the two countries, but its potential effects can be felt all over the world. According to Prime Minister Shahbaz Sharif, the agreement has come into force immediately after the electronic signatures of the two presidents.
The agreement has come at a time when the war that has been going on in the Middle East since February 2026 has created instability in the Middle East. During the conflict, Iran had limited activities in the Strait of Hormuz, while the US had imposed strict restrictions on maritime trade going to Iranian ports.
The most important clause of the agreement is the immediate restoration of the Strait of Hormuz. This waterway is considered extremely important for the world’s oil supply. According to experts, if maritime transport is fully restored, stability can be achieved in global energy markets and uncertainty in oil prices can be reduced.
According to the document, the US will ease some key oil sanctions imposed on Iran. The move is expected to provide relief to the Iranian economy, which has been under severe pressure due to various sanctions in recent years.
The deal also includes a framework for Iran’s nuclear program. According to US officials, Iran will reduce its stockpile of enriched uranium under the supervision of the International Atomic Energy Agency (IAEA). The move is being seen as important for building trust between the two countries.
Another prominent aspect is the proposed $300 billion reconstruction fund, which could be activated after the final agreement. The fund is said to be aimed at promoting economic recovery, infrastructure development and investment in Iran.
President Asif Ali Zardari also welcomed the deal, calling it a historic moment for the region and the world. He said the war not only affected the people of the region but also damaged global energy supplies, trade and economic stability.
The Pakistani leadership maintains that the country played a balanced and constructive role throughout the crisis. Islamabad has consistently advocated for dialogue, restraint, and diplomatic solutions, which have helped the parties agree on a common framework.
Although the initial phase of the agreement has begun, experts say the real test will be its implementation. If the agreed goals are achieved, the agreement could not only improve US-Iranian relations but also create new prospects for peace, trade, and economic cooperation throughout the Middle East.
