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Vice President JD Vance announced that Iran will allow International Atomic Energy Agency experts to resume operations inside the country. Washington also said it will lift sanctions on Iranian oil exports and reopen the Strait of Hormuz. Tehran stated it made no new commitments during the weekend talks in Switzerland.
nbcnews.comVice President JD Vance said Iran has agreed to let International Atomic Energy Agency experts return to the country and resume inspections. The announcement came after talks in Switzerland that lasted 18 hours. Washington also said sanctions on Iranian oil exports will be lifted and the Strait of Hormuz will reopen.
conducted strikes on its nuclear facilities in June 2025. Long-term independent monitoring of Iran's nuclear programme had been halted following those strikes. Tehran suspended cooperation with the agency in response to the attacks on its nuclear sites.
The U.S. Treasury Department issued a general license allowing the production, delivery and sale of Iranian-origin crude oil, petrochemical products and petroleum products. The license remains valid through August 21.
insurancejournal.comA technical accident at the Barzan local gas supply facility in Ras Laffan killed 13 workers and injured 66 others on Sunday night. Qatar's energy minister said the blast was not sabotage and would not affect exports.
The Federal Open Market Committee voted unanimously last Wednesday to keep its benchmark rate between 3.5 percent and 3.75 percent. Officials cited inflation still above the 2 percent target after prices rose 4.2 percent year over year in May.