A senior Pakistani official confirmed that Pakistan is conducting quiet diplomacy to mediate tensions between the United States and Iran, facilitating communication between Washington and Tehran, which currently lack direct diplomatic relations. Islamabad has previously played a mediator role by hosting talks and brokering a temporary ceasefire. Market pricing indicates a 44.5% probability of a diplomatic meeting occurring by August 31, 2026. Any official announcements from the US or Iranian governments regarding a new round of negotiations will be closely monitored.
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