U.S., Iran Set 60-Day Deadline for Nuclear Deal, Agree to Reopen Strait of Hormuz
U.S. and Iranian negotiators agreed in Switzerland to complete a final nuclear deal within 60 days and reopen the Strait of Hormuz toll-free for at least 60 days, while establishing a deconfliction cell to end hostilities in Lebanon.
U.S. and Iranian negotiators agreed Monday in Switzerland to establish a roadmap for a final nuclear deal within 60 days and to reopen the Strait of Hormuz toll-free for at least 60 days [1]. Vice President JD Vance led the U.S. delegation at the Lake Lucerne Summit, where both parties also agreed to create a deconfliction cell between the U.S., Iran, and Lebanon to terminate military hostilities there [1].
Iran's Foreign Minister Abbas Araghchi described the talks as delivering major progress, saying Tehran secured waivers for oil and petrochemical exports, the lifting of the blockade on its ports, the release of frozen assets, and the launch of a reconstruction plan [1]. The parties established a High Level Committee to provide political oversight, with chief negotiators leading working groups on nuclear issues, sanctions, and dispute resolution [1].
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