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Iran and U.S. End 18-Hour Talks in Switzerland on Sanctions Relief
Iranian negotiators left Switzerland after 18 hours of talks with U.S. counterparts. Tehran said progress was made on oil export waivers and asset releases, while oil prices fell.
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Iran’s top negotiators left Switzerland for Tehran after 18 hours of intensive talks with U.S. officials, Iranian state media reported. The delegation included Parliament Speaker Mohammad Bagher Ghalibaf, Foreign Minister Abbas Araghchi, Central Bank Governor Abdolnaser Hemmati, Deputy Oil Minister Hamid Boord, and nuclear negotiator Ali Bakri.
Exports and Assets Iran’s Foreign
Ministry spokesperson told the IRNA news agency that the talks advanced on sanctions relief and oil exports. Esmaeil Baghaei said the sale of Iranian oil, issuing export licences, and releasing restricted assets were discussed in detail and should enter the implementation phase soon.
The meeting was briefly suspended after statements by President Trump, prompting Iran’s delegation to withdraw temporarily before talks resumed through mediators.
A technical team led by Deputy Foreign Minister Kazem Gharibabadi stayed in Switzerland to continue work on the Islamabad memorandum of understanding. Baghaei said formal nuclear negotiations have not yet begun and stressed that commitments must be implemented mutually so neither side can avoid its obligations.
Brent crude fell $1.68, or 2.09 percent, to $78.89 a barrel after the talks concluded. Iran’s team also posted a message from Los Angeles stating, “We wish for peace, respect, and friendship among all the nations of the world.” Iran drew 2-2 with New Zealand on June 15 and 0-0 with Belgium on Monday, and will face Egypt on June 27.
