The US Treasury has issued a 60-day sanctions waiver for Iranian oil exports, allowing production, delivery, and sale to the US. This follows "encouraging" talks in Switzerland aimed at a peace deal, with US Vice President JD Vance expressing optimism about laying a "good foundation" for a final agreement.
Iran has suspended high-stakes talks with the US in Switzerland, citing President Trump's threats to bomb Iran and kidnap its negotiators. Despite the walkout, Iran reached a draft agreement on US waivers for oil sanctions, a key precondition for nuclear talks.
US and Iranian delegations met in Switzerland to discuss an interim deal, focusing on the Strait of Hormuz, sanctions, and the conflict in Lebanon. Tensions are high due to Iran's decision to keep the strait closed and internal dissent regarding the negotiations.
US and Iran negotiators met in Switzerland to discuss a fragile interim deal. Key issues include a ceasefire in Lebanon, lifting sanctions on Iranian oil, and reopening the Strait of Hormuz. Tensions are high due to Iran's decision to close the strait and internal Iranian disputes over the talks.
The US and Iran are reportedly close to a 60-day ceasefire agreement that would reopen the Strait of Hormuz, allow Iran to resume oil exports, and include talks on curbing its nuclear program, according to Axios.
