THERE can be no denying the fact that peace cannot be achieved through sesame magic. Rather, sustainable peace can only be achieved through resilient and persistent efforts. In a historic moment, on June 22, US President Donald Trump signed the hardcopy of 14 points enshrined in Islamabad Memorandum of Understanding (IMOU) in the Mirror Hall of the Versailles Palace in France where the victors of the First World War had signed the Treaty of Versailles in 1919. With the help of Pakistan’s historic mediation role, the first round of technical talks was held on June 19 in Burgenstock, Switzerland, between the US and Iran, where Pakistan was the chief host. Yet the current peace breaches between Washington and Tehran have raised global concern. The quest for peaceful co-existence still remains a great challenge in so far as global multilateral diplomacy has to persistently move from “crisis management” to “crisis resolution.

Major geopolitical implications: A US-Iran peace deal would significantly reshape regional stability. First, it could lead to de-escalation of tensions in the Middle East, reducing proxy conflicts. Second, normalization of relations might allow for renewed diplomacy on Iran’s nuclear program, potentially easing international sanctions. Third, control and security of the Strait of Hormuz could improve, ensuring global oil trade flows. Fourth, Israel’s military operations in Lebanon and Syria might diminish due to reduced regional threats. Fifth, a peace deal could trigger economic revitalization in Iran, fostering investment and regional cooperation.

A US-Iran peace deal could significantly stabilize global energy markets by reducing tensions in the Middle East, easing........

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