U.S. envoys Jared Kushner and Steve Witkoff are in Doha to meet Qatari mediators, but Qatar and Iran say no direct U.S.-Iran talks are scheduled. Disputes over $6 billion in frozen assets, shipping through the Strait of Hormuz and Lebanon remain unresolved.
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IAEA chief Rafael Grossi said inspections in Iran will take place under a preliminary US-Iran agreement. Tehran says access to damaged nuclear sites and materials depends on a final deal and sanctions relief.
US and Iranian delegations are meeting in Switzerland after signing an initial agreement to end the war. The talks are already strained by continued fighting in Lebanon, disputes over the Strait of Hormuz and unresolved negotiations over Iran’s nuclear programme.
Vice President JD Vance arrived in Switzerland for talks with Iran on implementing a 60-day ceasefire deal. The negotiations are already strained by renewed fighting in Lebanon and Iran’s disputed claim that it closed the Strait of Hormuz.
The United States and Iran have electronically signed a memorandum intended to halt the war and launch 60 days of talks toward a final agreement. The document includes sanctions relief, nuclear commitments, Strait of Hormuz provisions and a proposed $300 billion reconstruction plan for Iran.
Iran says it is considering whether Presidents Masoud Pezeshkian and Donald Trump should sign a Swiss memorandum of understanding opening 60 days of negotiations. The draft framework covers a halt to military operations, sanctions relief, Iran’s nuclear program and Strait of Hormuz shipping.
Oil prices dropped after Trump announced an initial US-Iran deal to reopen the Strait of Hormuz, but shipping, insurance and mine-clearing hurdles could delay a return to normal. Analysts warn energy, fertiliser and consumer prices may remain under pressure for months.
Trump said an initial agreement with Iran is scheduled to be signed Sunday and would reopen the Strait of Hormuz, but Iran’s Foreign Ministry said no signing would occur that day. The two sides have signaled a deal may be near while offering conflicting accounts of its timing and terms.