The United States has waived sanctions on Iran for 60 days after the first talks under a nascent peace deal. US President Donald Trump said he will “do what I have to do” if Iran does not stick to its side of the agreement.
Peace Deal Talks
US Vice President JD Vance said talks with Iranian officials in Switzerland had laid a good foundation for a final peace deal. Although Iran denied that it had begun discussions of its nuclear program, Vance expressed optimism about the progress made.
The two sides agreed on a roadmap towards a permanent agreement within 60 days at the talks in the Qatari-owned Swiss mountain resort of Buergenstock. They also agreed on a mechanism to end fighting in Lebanon between US ally Israel and Iran-aligned Hezbollah.
A communications line was opened to help ensure safe passage for commercial ships through the Strait of Hormuz, avoiding conflict in the strategic waterway. In the first of several steps to provide economic relief to Iran, the US Treasury announced a waiver until August 21 on sanctions, allowing Tehran to sell oil and related products and receive payment for them.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
