U.S. Temporarily Lifts Oil Sanctions Against Iran, Citing ‘Productive’ Talks
President Trump and Vice President JD Vance pointed to progress on Iran’s nuclear program, but officials in Tehran said “no new commitments” had been made.
President Trump and Vice President JD Vance pointed to progress on Iran’s nuclear program, but officials in Tehran said “no new commitments” had been made.
The Trump administration relaxed sanctions on Iranian oil after Vice President JD Vance said that Iran had agreed to invite U. N. nuclear inspectors into the country.
Vice President JD Vance, the lead U. S. negotiator, said the two sides had agreed on technical issues and at least one substantive one, international inspection of Iranian nuclear sites, but an Iranian official said his country had made “no new commitments.
Vice President JD Vance said Iran had agreed to invite experts from the U. N. agency to resume operations in the country.
Israel and Hezbollah, the Iran-backed Lebanese militant group, appeared to maintain a tense cease-fire for a second day. Israel’s military has new orders that restrict troops to defensive actions.
The U. S. and Iran have agreed to set up a Strait of Hormuz hotline and a “de-confliction cell” for Lebanon, according to mediators from Pakistan and Qatar.
In a sharp reversal of American policy, the Treasury announced a 60-day reprieve, permitting the sale of Iranian crude as part of the preliminary U. S. -Iran deal toward ending the war.
U. S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.
The U. S. and Iran have agreed to set up a Strait of Hormuz hotline and a “de-confliction cell” for Lebanon, according to mediators from Pakistan and Qatar.
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The first round of negotiations between Washington and Tehran in Switzerland ended with a “roadmap” to reach a final deal within 60 days, Pakistani and Qatari mediators said.
Oil prices retreated after Iran’s foreign minister said there had been “major progress” toward ending the fighting in Lebanon during the first session of high-level talks.
Modest reactions in the oil and financial markets as Iran and the U. S. met in Switzerland for a first round of talks aimed at making a temporary cease-fire permanent.
The United States and Iranian militaries have offered conflicting accounts over whether the crucial waterway is open.
The administration’s split message came as the United States and Iran began a new round of nuclear negotiations in Switzerland.
Both sides have committed to discussing sanctions relief and the shape of a reconstruction fund, as well as Iran’s nuclear program.
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Iran’s supreme leader, foreign minister and parliament speaker all play central roles in hammering out an agreement with Washington.
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Tehran insists that its nuclear program is for peaceful purposes. The Trump administration is demanding assurances that Iran cannot secretly develop a weapon.