finance
US and Iran agree to 60-day roadmap after first round of talks
Mediators announced a 60-day timeline for a final deal following talks in Switzerland. The US issued a temporary sanctions waiver allowing Iranian oil sales in dollars, while Iran denied making new commitments on nuclear inspections.
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Mediators Qatar and Pakistan said the first round of talks between the US and Iran produced a roadmap toward a final deal within 60 days. The agreement covers reopening the Strait of Hormuz and creating a de-confliction cell for Lebanon.
Sanctions relief and inspection dispute The US Treasury issued a 60-day sanctions waiver on Monday that permits Iranian crude and petrochemical sales in dollars until 21 August. The waiver also allows direct imports of Iranian oil into the US and removes restrictions on banking, insurance and transportation linked to those sales.
Treasury Secretary Scott Bessent said the waiver was granted in exchange for commitments to keep the Strait of Hormuz open and allow IAEA inspectors back into Iran. Iran's foreign ministry spokesman Esmail Baqai told state news agency Irna that Tehran had made "no new commitments" on nuclear inspectors and that any engagement would follow existing procedures set by Parliament and the Supreme National Security Council.
Ceasefire and next steps Fighting between Israel and Hezbollah in Lebanon has abated since Saturday night, with a fragile ceasefire holding. Iran's Foreign Minister Seyed Abbas Araghchi said the first real test of the agreement would be Lebanon. Technical discussions have concluded and negotiating groups will be formed on nuclear issues, sanctions and reconstruction, Iranian state media reported.
" — US President Donald Trump, Monday (Reuters) The Iranian lead negotiators left the talks on Monday, and a communication line was established to avoid incidents affecting commercial vessels in the Strait of Hormuz.
