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President Trump says a US-Iran peace agreement is "largely negotiated" and will be announced "shortly." The Strait of Hormuz will be opened. Pakistan's Field Marshal Asim Munir was named personally by Trump alongside heads of state. Pakistan brokered the original ceasefire. Pakistan's army chief flew to Tehran and negotiated through the night. Less than twenty-four hours later, Trump announced the deal is largely done. The Thursday Times reports.

The New York Times reported that Field Marshal Asim Munir played a central role in US-Iran mediation and his overnight Tehran visit was an intensification of shuttle diplomacy. The Thursday Times traces how Pakistan's army chief built the trust of both Washington and Tehran, one visit at a time.

Trump is to hold a conference call with leaders from Saudi Arabia, Qatar, the UAE, Egypt, Jordan, Turkey and Pakistan to discuss a draft Iran agreement. The FT reports a 60-day ceasefire deal is close. Iran says nuclear issues are excluded from the initial framework. Rubio says Iran could accept today. Trump says it is deal or strikes. The Thursday Times reports.

Field Marshal Asim Munir has concluded his Tehran visit with Pakistan's army reporting "encouraging progress towards a final understanding" on a US-Iran deal. The Financial Times reports mediators are close to a 60-day ceasefire extension. Rubio says there is a "chance" Iran accepts today. The Thursday Times reports.

One year after Operation Sindoor, the Indian rupee has lost nearly 12 per cent against Pakistan's currency, hit a record low of 96.47 against the dollar, and become Asia's worst-performing currency. Pakistan's rupee, once called worthless, has stabilised. The Thursday Times explains what the data means.